FXEM - EMPIRE MARKETS - Company New Article

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

Nov 24, 2025

XAU/USD chart on the weekly time frame

XAU/USD chart on the weekly time frame

Gold concluded the week with a marginal decline, effectively resulting in a neutral weekly close. 
This price action was accompanied by a record-setting weekly trading volume, indicating a significant struggle between bullish and bearish forces near the $4000 level. 

The price action over the preceding five weeks has consolidated into a symmetrical triangle formation, reflecting a state of equilibrium between buying and selling pressure. 

A decisive breakout above $4250 is required to confirm a bullish resolution, whereas a close below $3900 would signal a bearish continuation. 

A sustained breach of either of these trigger levels is anticipated to initiate a strong directional move, as the energy from the volume executed during the consolidation phase is projected to result in a high-volatility expansion. 

Consequently, a neutral stance is recommended for the immediate term, with a strategic focus on monitoring these key technical levels. 

While a bearish resolution is considered the higher-probability outcome, positions should only be initiated upon a confirmed breakout.
 
EURUSD Chart on the weekly time frame

EURUSD Chart on the weekly time frame

Contrary to prior forecasts, the EUR/USD pair experienced a significant bearish decline last week, characterized by exceptionally high selling volume that surpassed the preceding bullish volume peak.

The pair continues to trade within the established consolidation range defined by the dominant weekly candlestick from nearly four months ago. 

Following this prolonged period of equilibrium, a decisive breakout is required to establish a new directional bias. 

A confirmed break above the 1.1800 resistance level would generate a new buy signal, while a break below the 1.1400 support level would indicate a resumption of the bearish trend. 

In the interim, the prevailing strategy remains range-bound, advocating for buying near support and selling near resistance until a conclusive breakout beyond the specified thresholds is confirmed. 
 
USTEC chart on the weekly time frame

USTEC chart on the weekly time frame

As anticipated, the USTEC index declined significantly last week, closing down over 3%. 

This move confirmed a decisive break below the primary weekly bullish trendline, a development corroborated by bearish momentum signals from key technical indicators. Most notably, the Relative Strength Index (RSI) breached a critical support level of its own, adding conviction to the bearish reversal. 

This break of market structure, supported by confirming indicators, validates the bearish outlook and projects a further decline toward an initial price target of approximately 22,700. 

In the near term, a technical rebound toward the recently violated trendline (now acting as resistance near the 24,700 level) is possible within the first few trading sessions. Such a retest would be viewed as a potential opportunity to establish or add to short positions. 

A stop-loss order for all short exposures is recommended above the 25,400 level to invalidate the bearish thesis should price action reverse.

 

To open Live account click here 

Previous Post
Technical analysis of commodities
Next Post
Technical analysis of 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