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#EURUSDEUR/USD Update, The pair continues its upward trajectory, driven by improving Eurozone sentiment and USD softness. Bulls are eyeing a key breakout above , potentially targeting . Support holds firm near , offering a solid risk-reward setup. Keep an eye on macro data for further momentum. #EURUSD #ForexAnalysis #Trading
Gold AnalysisOn the daily timeframe, we anticipate a downward movement in gold to the 2580 level. Upon reaching the daily ascending trendline, a price rebound toward the 2670 range and interaction with the 4-hour descending trendline is not unexpected.
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Bitcoin Important data bullrunBitcoin is showing signs of an impending bull run as critical data points align in favor of upward momentum. Institutional interest continues to grow, evidenced by increasing investments and positive sentiment from large-scale investors. On-chain metrics reveal a significant decline in the supply of Bitcoin on exchanges, suggesting that holders are preparing for long-term gains rather than short-term trades. Furthermore, network activity, including rising transaction volumes and active addresses, indicates growing adoption and user engagement. As these trends converge, Bitcoin's market dynamics point toward the potential for a strong and sustained rally in the near future.
Israel's Shift to Syria and Its Impact on Gold PricesOver the weekend, the fighting between Israel and Lebanon paused, and Israel turned its attention to Syria, hoping to use this move to weaken the Russia-Ukraine war situation. However, as of now, the situation remains deadlocked, and Ukraine has not gained any significant advantage.
Many of you may not understand the connection between these events, but here’s a simplified explanation: Ukraine and Israel are in the same camp. While Ukraine has been facing difficulties in the Russia-Ukraine war, Russia holds over 80 strategic points in Syria. If Russia loses these, it would be a significant blow. So, Israel, as an ally of Ukraine, attacked Syria, hoping to help Ukraine gain an upper hand before a ceasefire, thus securing more significant benefits. However, up to now, things have not gone as smoothly as expected. Russia deployed troops to Syria, and in the process of attacking, they destroyed a command center of the four-nation alliance. Reports suggest that the leader of the Shams Liberation Organization may have been killed in the strike.
Due to the stalemate in the war, gold's price movement has been unclear. In this situation, the focus should be on the developments in Syria. If Israel gains the upper hand, the probability of gold rising increases significantly.
From a technical standpoint, the bulls currently have a slight advantage. Key support is at around 2635. As long as this support holds, the bullish momentum is likely to continue, and we may see a rapid rally at any time.
aud/cadThe chart trend on the daily timeframe is bullish. Considering the weekly candlestick pattern, which forms a doji, there is a clear struggle between buyers and sellers. However, since the overall trend is upward, a buy position can be initiated on the 1-hour timeframe around the 0.91138 level, with proper stop-loss management.
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gbp/jpy analysisOn the daily timeframe, the chart has reached the trendline. However, the approach has been gradual, and there are no signs of bullish entry in this area. Therefore, a trendline break is expected, with the price moving toward the 187.097 level, followed by a pullback below the trendline (around 190.7) and a continuation of the downtrend toward the 180.035 level. At this point, buyers are likely to step in, potentially driving the price up to 192.441.
BNB ANALYSISThe chart indicates an expectation of a short-term downward movement toward the $637 range, where buyers are likely to step in. The $637 to $620 zone is considered low-risk. The target profit is set at the $676 liquidity area; however, further growth beyond this level is anticipated, and the analysis will be updated accordingly.
This analysis is brought to you by the FXonbit Traders Team
EURJPY The EUR/JPY market remains resilient, showing no significant signs of retracement despite potential resistance levels. Traders are witnessing a steady upward momentum, with bullish sentiment continuing to dominate. Market participants are closely monitoring key economic indicators and price action, as the pair maintains its upward trajectory without pulling back. The lack of corrective movements highlights strong buyer interest, suggesting further potential for gains in the near term.
GOLD INTRADAY CHART UPDATE Gold (XAU/USD) exhibited strong bullish momentum during the London Killzone, as buyers dominated the session. The market capitalized on key liquidity zones, driving prices higher in alignment with the prevailing trend. This surge reflects heightened demand and a confident push by bulls, targeting critical resistance levels. A textbook example of precision trading during one of the most volatile and rewarding times of the day, where opportunities were abundant for those positioned with the flow
XAUUSD last trade chart Gold (XAUUSD) surges higher, marking a strong bullish recovery in the latest trading session. The price action hints at growing demand, with buyers stepping in near key support levels. A breakout above critical resistance zones could pave the way for further upward momentum. Traders are watching closely for confirmations of the trend continuation, while risk management remains crucial amid potential market volatility..
XAUUSD downGold extends its bullish momentum further above $2,660 on Thursday. XAU/USD rises for the fourth straight day, sponsored by geopolitical risks stemming from the worsening Russia-Ukraine war. Markets await comments from Fed policymakers.The short-term technical outlook for Gold price appears to lean in favor of buyers as the 14-day Relative Strength Index (RSI) prods the 50 level to the upside. The indicator is currently just above 50.
However, an impending Bear Cross could be a headwind for Gold price. The 21-day Simple Moving Average (SMA) is closing in to cut the 50-day SMA from above. If that happens on a daily closing basis, it will validate the bearish crossover.
Gold buyers need a daily candlestick closing above the 50-day SMA at $2,660 to unleash additional recovery toward the 21-day SMA at $2,680.
The $2,700 threshold will be the next significant target for buyers.
Conversely, failure to find acceptance above the 50-day SMA at $2,660 on a daily closing basis could reinforce sellers toward the $2,600 threshold.
Tuesday’s low of $2,610 will be tested ahead of that.