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The price perfectly fulfilled my last idea. It hit the target. EURUSD market continues to push to lower levels. The price formed a notable double top before dropping after testing the downward trendline. It initially tested the high zone from the previous week, then declined, breaking and closing below the previously respected support level at 1.03500. Furthermore, the price has broke through the previous day’s low, suggesting that bears are in control. I expect the price to at least retest the previous lower low levels and potentially make news lows. My goal is support zone around 1.02620

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Hello, dear friends! This is Ben here!
Gold prices continue their upward trend, currently hovering around 2671, with a modest daily increase of 0.05%.
The chart indicates that gold is consolidating and attempting to approach the critical resistance level of 2675. The bullish market structure suggests that prices are gearing up for a potential breakout. However, the key question remains, will the breakout occur? This depends largely on external factors, including the U.S. economy’s performance and the inflationary trends, which have been long anticipated by the market.
Based on current market behavior, we might expect gold to test liquidity and recheck key resistance levels before any potential downward correction. Buyers are likely to exercise caution after disappointing inflation data from China and hawkish signals from the Federal Reserve’s recent meeting minutes.
Frankly speaking, I’m not overly optimistic about gold’s upward momentum at the moment, given the lack of strong bullish catalysts aside from lingering trade policies, such as Trump’s tariffs on major global powers. Fundamentally, the dollar’s strength and the Fed’s hawkish stance continue to cap significant gains for the precious metal.
Resistance levels: 2675, 2680
Support levels: EMA 2665, 2655
From a technical standpoint, the market structure remains bullish, and in the short term, we could see an attempt to break through the 2675 resistance. If successful, prices may test the next areas of interest at 2680 or even 2692 (OB Zone),which could later result in a possible decline.
Best regards, Bentradegold!

EURJPY: Bearish Signals Strengthen: EURJPY Under Pressure
The uncertainty surrounding a potential BoJ rate hike might weigh on JPY pairs.
However, the sell-off observed across all XXJPY pairs suggests a different narrative. This could be attributed to behind-the-scenes actions by the BoJ that have not been made public.
All JPY pairs have been gradually releasing liquidity since the end of last week.
EURJPY has already broken down from a strong structural zone, confirming a double-top pattern. Following any minor correction, EURJPY is likely to continue its downward movement, with support zones at 159.60 and 157.30. We should expect price reactions near these areas.
You may find more details in the chart!
Thank you and Good Luck!
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First and foremost, Laura would like to extend warm greetings to all dear friends. Let’s discuss and explore the foreign exchange market, particularly focusing on gold (XAUUSD) in today’s context!
Overall, gold (XAUUSD) has shown significant price appreciation during the previous week, surpassing the level of 2662. It is currently trading at a new high of 2690, marking its best performance since January. So what factors and reasons have driven gold’s performance?
Regarding the influencing factors:
The daily drivers for gold stem from uncertainties surrounding Trump administration’s upcoming policies, which enhance gold’s appeal as a safe-haven investment. This occurs despite better-than-expected US employment data reinforcing expectations that the Federal Reserve (Fed) may not implement aggressive interest rate cuts this year. Market reaction to this information: gold prices swiftly recovered and reached their highest level since December 12, recording a weekly gain of more than 1.7%.
Regarding new prospects for XAUUSD:
On the H4 chart, XAUUSD is currently receiving strong support at 2614. A breakdown below this level would lead to significant price decline, while maintaining this level would result in price increases. Upon careful observation, the currency pair has broken above the resistance level of 2662. Both short-term and medium-term outlooks indicate strengthening bullish trends.
Using Fibonacci measurements, if the upward momentum continues, XAUUSD’s next growth points will be 1.272 (price level 2721) and 1.618 (price level 2750).
Important short-term price levels to consider:
Resistance levels: 2698, 2721, 2750
Support levels: 2675, 2666, 2656