FXEM - EMPIRE MARKETS - Company New Article

To access the website's classic version and the new accounts, please click here

Jun 02, 2025

XAU/USD chart on the weekly time frame

XAU/USD chart on the weekly time frame

The weekly chart above displays the price action of Gold, accompanied by two proprietary technical indicators.

The middle panel features our forecasting oscillator, which anticipates future price movements, while the lower panel incorporates a trend-following indicator that generates buy and sell signals based on a confluence of moving averages.

Our forecasting model currently projects a notable downward trajectory, with a potential cyclical low expected to materialize by mid-July, which could mark a key reversal zone.
 
Supporting this outlook, the trend indicator in the lower panel has recently triggered a fresh weekly sell signal, reinforcing the bearish bias.

In light of this technical alignment, we assign a short recommendation for XAU/USD, targeting a downside objective between $2,900–$3,000. 

A stop-loss is advised at $3,450 to mitigate risk exposure.

 

USTEC chart on the weekly time frame

USTEC chart on the weekly time frame

Despite the overextended advance, the steep trend slope, and the recent daily sell signal, neither our proprietary forecaster nor the weekly chart has confirmed bearish momentum. 

The index successfully defended against a trendline breach on Friday, and the recent candlestick pattern—a Shooting Star followed by a Hammer—typically signals a bullish reversal.

Given this constructive price action, we anticipate further upside toward the 22,000 resistance zone. 

In light of these factors, we maintain a Buy rating on the index, with a projected target of 22,000 and a stop-loss placed just below Friday’s low at 20,900 to manage risk.

 

EUR/USD chart on the weekly time frame

EUR/USD chart on the weekly time frame

Following the bullish rally from February to April, the EUR/USD pair entered a corrective phase, retesting the previously breached trendline. This level has now acted as a key support, confirming its role as a demand zone.

Currently, oscillators and momentum indicators remain neutral, offering no clear directional bias in the near term.
 
As a result, we anticipate consolidation within the 1.1150-1.1450 range in the upcoming trading sessions.
 
Nevertheless, the medium-term outlook remains constructive, with an upside target near 1.1900.
 
Trading Strategy:
 
  • Range-bound approach: Look for buying opportunities near 1.1150 (support) and selling near 1.1450 (resistance).
  • Breakout scenario: A decisive close above 1.1450 could signal a resumption of bullish momentum, while a breakdown below 1.1150 may extend the correction.
Traders should monitor price action at these key levels for confirmation of the next directional move.

 

To open real account click here 

Previous Post
Technical Analysis Commodities Report
Next Post
Technical report on currencies
Back

One Trading Account | 50+ Forex Pairs | 80+ Trading Instruments
Multi-Asset Trading Platforms

Open Live Account
Cookie Policy
This website uses cookies to ensure you get the best experience on our website. We use cookies for proper website navigation and function and for statistical and analytical purposes. You can select the cookie categories that you would like to manage through the Cookies Settings at any time. Please configure your Cookies Settings before proceeding. To learn more, please read our Cookies Policy
Settings
Reject
Accept all