Mahmoud Abdallah

Gold (XAU/USD) holds firm near $4247 as markets digest the Fed's rate cut and cautious tone. With RSI near overbought and MACD bullish, the trend remains upward.

The EUR/USD pair is showing early signs of a bullish breakout after rebounding from support post-Fed rate cut.

The performance of the gold price index on the daily chart hints at a strong forthcoming move in either direction, and today's most significant event—the US Central Bank announcement—may be the catalyst for this to occur. Spot gold prices have been moving in extremely narrow ranges during recent trading sessions, oscillating between the support level of $4163 per ounce and the resistance level of $4259 per ounce. According to gold trading platforms, the yellow metal's index is stabilizing around the $4205 per ounce level.

Dear reader, as observed in market performance, the EUR/USD pair is showing stability within a short-term ascending triangle pattern, with the price currently testing the horizontal resistance level at the psychological mark of 1.1650. This chart pattern typically signals bullish continuation, suggesting the possibility of an upward breakout. The EUR/USD is trading around the 1.1645 level, hovering just below the resistance area that has capped gains since late November.

Gold prices retreat slightly to $4176 amid US dollar strength and Fed uncertainty, but technicals remain bullish with traders eyeing $4300–$4340 on a breakout.

EUR/USD trades within an ascending channel near 1.1650, awaiting direction from key US jobs data and the Fed’s rate decision, with technical indicators hinting at a possible bullish continuation.

Gold (XAU/USD) remains firmly bullish, holding above $4220 with momentum indicators supportive of further gains; while rate-cut expectations drive investor sentiment, traders eye Fed guidance for the next catalyst.

EUR/USD is holding steady near 1.1640 as bullish momentum persists, but narrow trading is expected ahead of the US Fed decision; strong Eurozone data supports the euro, while traders await major US policy signals.

EUR/USD trades with a bullish bias ahead of key Eurozone inflation data, supported by rising European bond yields and softening U.S. rate expectations, with a breakout toward 1.18 in sight.

Gold continues its strong bullish trend, trading near $4200 amid USD weakness and rising rate cut expectations, with technical signals pointing to a potential breakout toward record highs.

Gold remains in a firmly bullish trend despite a recent pullback, with traders eyeing $4140 as a buying opportunity amid strong central bank demand, dollar softness, and supportive technicals.

EUR/USD trades neutrally near 1.1600 as stronger-than-expected inflation data offers modest support, but bulls need a stronger catalyst—like ECB commentary or U.S. labor data—to break decisively toward 1.1800.