FXEM - EMPIRE MARKETS - Company New Article

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

Oct 13, 2025

XAU/USD chart on the weekly time frame

XAU/USD chart on the weekly time frame

Gold has extended its bullish trajectory for an eight consecutive week, decisively breaching the psychologically significant $4,000 level to establish a new all-time high near $4,059. 

However, this sustained advance has resulted in deeply overbought conditions across majority of technical oscillators. 

Notably, the Volume Zone Oscillator (VZO) and the Price Zone Oscillator (PZO) are exhibiting extreme readings, a concern that is compounded by the emergence of significant downward movements during the latest trading sessions. 

Market profile analysis further underscores the asset's vulnerability, indicating that the current price is ascending without nearby volume-based support. 

The first minor volume-based support resides near $3,700, with a more substantial support zone located around $3,350. 

Given the confluence of overbought signals and the potential for an imminent medium-term correction, a strategy of scaling out of long positions to realize profits is advised for medium-term investors. 

Prudent risk management further dictates raising protective stops to a level of $3,940 to safeguard capital.
EURUSD Chart on the weekly time frame

EURUSD Chart on the weekly time frame

The EURUSD pair remains entrenched within a well-established, multi-month consolidation phase, confined by significant technical boundaries at the 1.1530 support and 1.1830 resistance levels. 

While the pair recently rebounded from a retest of this range's lower limit, a newly generated sell signal on the RSI indicator has emerged. 

The primary medium-term trend direction remains contingent upon a decisive close outside of the 1.1530-1.1830 channel; however, the current RSI configuration increases the near-term probability of a bearish resolution. 

Consequently, a neutral tactical stance is warranted until a confirmed breakout provides a more definitive directional bias.
USTEC chart on the weekly time frame

USTEC chart on the weekly time frame

Technical analysis of the USTEC index confirms its position within a medium-term bearish megaphone pattern, with a distinct rejection observed at the formation's upper boundary. 

The recent trading session was characterized by significant selling pressure, resulting in a decline of over 4% that erased the preceding three weeks' gains and culminated in a close below the critical 24,400 stop-loss level. 

This development aligns with historical precedents; wherein extended moves of this nature have typically culminated around the twelfth week; last week's pronounced decline is consistent with this pattern and suggests a potential for the bearish momentum to persist for an additional two to three weeks. 

The sustained presence of technical indicators at elevated levels further heightens the probability of a continued downtrend. 

While a technical rebound to retest the breached 24,400 support-turned-resistance level is plausible, the broader outlook remains bearish. 

Consequently, any rally that fails to surpass the 24,800 resistance threshold is likely to be viewed as an opportunity to liquidate long positions.

 

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