Gold remains strongly bullish near record highs, with safe-haven demand and Fed expectations driving targets toward $4,400, $4,435, and $4,500.
About Mahmoud Abdallah
Mahmoud has been working fulltime in the Foreign Exchange markets for 12 years. Offers his analysis, articles and recommendations at the most renewed Arabic websites specialized in the global financial markets, and his experience gained a lot of interest among Arab traders. Works on providing technical analysis, market news, free signals and more with follow up for at least 12 hours a day, and aims to simplify forex trading and the concept of trading for his audience.
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EUR/USD climbs toward 1.1800 on Fed-driven dollar weakness, but overbought signals and policy uncertainty limit bullish momentum.
Gold remains strongly bullish above key support levels, with momentum favoring a test of $4,400 as safe-haven flows and weak U.S. data continue to support prices.
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EUR/USD remains in an upward correction but faces selling pressure ahead of ECB and inflation data, with key signals pointing to opportunities on both sides.
Gold stalls near the $4,400 resistance level, with short-term pullback risks rising, but strong central bank buying and bullish momentum keep the long-term uptrend intact.
Gold (XAU/USD) surged near $4350 on Tuesday, with bullish momentum fueled by Fed rate cut bets, geopolitical tensions, and ETF inflows, keeping gold on track for a historic 2025 close.
EUR/USD traded near a two-month high at 1.1768 on Tuesday, with traders eyeing a potential breakout above 1.18 as key Eurozone PMIs and US job data threaten to spark volatility.
The EUR/USD pair remains stable near 2-month highs as traders await the ECB policy announcement and delayed US jobs data, with bullish momentum supported by central bank divergence.
Gold (XAU/USD) continues its bullish climb near all-time highs, supported by Fed rate cut expectations and USD weakness, with resistance at $4390 and key support at $4240.
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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.
