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Technical Outlook

GOLD – Bears reclaim control, eye key support levels for next move

Ahmad Elbasioni Jul 25, 2025
Gold extended its decline for a third straight session on Thursday, pressured by a stronger U.S. dollar and renewed optimism surrounding progress in U.S.–EU trade negotiations. Bears regained control following a double rejection and…
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Technical Outlook

BTCUSD drops to two-week low, but bearish momentum shows signs of waning

Ahmad Elbasioni Jul 25, 2025
BTCUSD dropped to a two-week low on Friday, falling over 3% during the Asian and early European sessions as bearish momentum intensified. Deteriorating sentiment triggered a fresh wave of selling, driving the price below key support at…
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Technical Outlook

WTI Oil – Bears remain in control as trade tensions continue to weigh on sentiment

Ahmad Elbasioni Jul 23, 2025
WTI oil remained under pressure for the fourth consecutive session on Wednesday, trading near a fresh three-week low. Despite a brief boost from the announcement of a U.S.–Japan trade agreement, bearish sentiment persists, weighed down…
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Technical Outlook

AUDUSD extends gains amid renewed risk appetite

Ahmad Elbasioni Jul 23, 2025
AUDUSD maintained a strong tone and accelerated higher on Wednesday, extending its latest bullish run into a fourth consecutive session. The pair climbed to its highest level in over a week, supported by renewed risk appetite following…
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Technical Outlook

Gold reaches fresh 5-week high after breaking through key resistance around the \$3400 zone

Ahmad Elbasioni Jul 22, 2025
Gold rallied above the \$3400 barrier on Tuesday, following a brief consolidation marked by a shallow pullback from \$3402 to \$3383, and proceeded to test the next key level at \$3420—the upper boundary of a triangle pattern. The sharp…
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Technical Outlook

USDJPY – Pullback needs to hold above 146.70 to maintain broader bullish structure

Ahmad Elbasioni Jul 22, 2025
USDJPY remains in a narrow consolidation phase following Monday’s decline, which found temporary support around the 147 level. The pullback from last week’s three-month high at 149.18 has paused, but there is still room for further…
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Technical Outlook

Gold climbs as the dollar softens

Ahmad Elbasioni Jul 21, 2025
Gold prices rose on Monday, climbing toward the upper boundary of the near-term range (\$3320–\$3377), following a rebound after last Thursday’s rejection at the top of the rising daily Ichimoku cloud. The daily cloud, which has…
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Technical Outlook

Dollar maintains a positive tone, with weekly close in focus for next directional cue

Ahmad Elbasioni Jul 18, 2025
The dollar index continues to trade with a broadly firm tone and is on track for a second consecutive weekly gain, having broken through several key technical barriers this week. However, the daily chart suggests that bullish momentum…
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Technical Outlook

XRP – Minor pullback expected after reaching new all-time high

Ahmad Elbasioni Jul 18, 2025
XRP continues to lead the cryptocurrency market, extending its sharp rally to a new all-time high at \$3.66 after a nearly 10% surge on Friday. Market sentiment was significantly boosted following the U.S. House of Representatives’…
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Technical Outlook

Gold remains within an extended near-term range, but the broader outlook continues to favor the…

Ahmad Elbasioni Jul 17, 2025
Gold remained in the red on Thursday, pressured by stronger-than-expected U.S. retail sales data, which reinforced the Federal Reserve’s position to hold interest rates steady until clearer signs of inflation emerge. Fresh bearish…
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