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Nov 10, 2025

XAU/USD chart on the weekly time frame

XAU/USD chart on the weekly time frame

As anticipated, Gold concluded the week with minimal net change, having consolidated within a defined range of $3900 to $4030. This period of equilibrium was accompanied by a significant surge in weekly volume, reaching historically high levels and indicating a pronounced struggle between bullish and bearish forces.

From a structural perspective, the daily chart reveals the development of a symmetrical triangle, a pattern that typically signifies market balance and most often resolves in the direction of the preceding trend.

While this would suggest a bearish continuation, the anomalously high volume from the prior week presents a compelling case for a short-term bullish resolution. 

Consequently, a near-term advance toward a target range of $4150-$4200 is anticipated. 

This expected rally is viewed as a potential selling opportunity to establish new short positions, as the medium-term bearish outlook—with a target of approximately $3700—remains technically valid. 

A break below the $3900 support level would, however, invalidate this short-term bullish thesis. 

Operationally, short-term traders may consider long entries between $3960-$4000, targeting $4150-$4200 with a stop loss at $3900, while medium-term investors are advised to utilize any such strength to liquidate existing long exposures.
 
EURUSD Chart on the weekly time frame

EURUSD Chart on the weekly time frame

As anticipated, the EUR/USD pair executed a bullish false break below the short-term support level of 1.1530, establishing a weekly low of 1.14669 before subsequently closing the period above the initial support threshold. 

While our technical trend indicators posit that the current consolidation is a corrective phase within a prevailing medium-term bullish trend, confirmation of a resumption requires a decisive daily close above the 1.1600 resistance level. 

Consequently, a long position is recommended upon a confirmed break above 1.1600, targeting a short-term objective near 1.1800, with a stop-loss order placed at 1.1460 to manage risk.
 
USTEC chart on the weekly time frame

USTEC chart on the weekly time frame

Technical analysis of the USTEC index indicates a high probability of a near-term trend reversal following a significant sell-off last week. 

The index failed to break above the newly established resistance level of 26,250, triggering a decline that found subsequent support at 24,637, a level that aligns with the confirmed bullish daily trendline. 

This bearish momentum is corroborated by a confluence of recent signals: the formation of a reversal island candlestick pattern, a notably high volume of selling pressure near the 26,250 resistance, and a bearish divergence evidenced by the Relative Strength Index (RSI) failing to enter overbought territory during the last peak. 

These factors collectively suggest the year-to-date high of 26,256 is likely a significant top. 

Consequently, the projected path is lower, with a primary downside target zone around 22,700. 

A strategic short position is recommended within the 25,400-25,600 resistance band, targeting the 22,700 zone, with a stop-loss order placed above 26,300 to manage risk.


 

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