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Dec 01, 2025

XAU/USD chart on the weekly time frame

XAU/USD chart on the weekly time frame

While a bearish resolution is considered the higher-probability outcome, positions should only be initiated upon a confirmed breakout.Gold concluded November with a fourth consecutive monthly gain, forming an inside bar pattern that signals a contraction in market volatility. 

This pattern, which can precede either a continuation or reversal, typically triggers entries upon a break of the mother bar's high or low, with stop-losses placed at the opposite extreme or, in the case of a larger-than-average mother bar, near its 50% midpoint. 

The monthly RSI reading of 93 is of significant concern, as it resides at an extreme level only surpassed once in history (94.65 in 1973), an event followed by a four-month decline, warranting caution. 
While the daily chart shows a breakout above a symmetrical triangle, the move is accompanied by a notable lack of volume confirmation. 

Consequently, the near-term outlook suggests a limited advance towards the $4300-$4350 resistance zone is probable, with a subsequent decline expected as the combination of negative volume divergence and extreme monthly overbought conditions diminishes the likelihood of a sustained break above the all-time high of $4381. 
A weekly close below $4130 would invalidate this cautiously bullish scenario.
 
EURUSD Chart on the weekly time frame

EURUSD Chart on the weekly time frame

The EUR/USD pair has persisted in a multi-month consolidation phase, trading within a defined range of 1.14 to 1.18 for a sixth consecutive month. 

The November session concluded with a modest rally, which was notably accompanied by a significant surge in trading volume—a factor often interpreted as a bullish signal. 

This elevated volume, coupled with the pair's sustained position above the 50-level on the Relative Strength Index (RSI), increases the probability of a bullish breakout above the key 1.18 resistance level in December. 
The broader technical outlook remains constructive, with the current consolidation viewed as a pause within a prevailing medium to long-term uptrend. 

Consequently, a short-term range-bound strategy is maintained. 
For medium-term positioning, the recommendation is to buy on dips, implementing a stop-loss order at 1.13 and targeting an upside objective near 1.22. 
USTEC chart on the weekly time frame

USTEC chart on the weekly time frame

The USTEC index concluded November in negative territory, despite a significant recovery during the final week that recouped a substantial portion of the month's losses. 

This rally established a critical new monthly support level at approximately 23,900, which now serves as a definitive stop-loss level for long positions. 

While the index closed the week higher, this advance occurred on well-below-average volume and only marginally above the stoploss level of 25,400. 

The technical outlook is now a cautiously bullish bias for the immediate term, projecting a potential ascent toward the all-time high resistance near 26,250 over the next two sessions, after which a retracement is anticipated. 

A decisive weekly close below the newly established 23,900 support level would invalidate this bullish scenario.

 

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