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Gold: Triangle breakout puts bulls back in the game XAU/USD has a habit of respecting triangles, wedges and trendlines, and we're seeing another example on the four-hourly chart. Gold has staged a powerful bullish breakout, reclaiming $3,975, the breakdown area from earlier this week, on the back of a rebound in Asian tech stocks. That move has already played out, but what happens next is where things get interesting. If we see a pullback towards $3,975 and a bounce, traders could look to initiate longs with a tight stop beneath that level for

Nikkei 225: Sell the break or buy the bounce at 60,000?The breakdown of our Japan 225 contract beneath 62,000 has taken the price back to a key support zone comprising the July 29 swing low of 60,433 and the more psychologically important 60,000 level, which has also acted as support and resistance for periods earlier this year. Having already lost the 50 and 100-day moving averages, and now the 200-DMA, directional risks for the index continue to shift lower over medium to longer-term time horizons. In the short term, however, decision-making shou

Apple Remains Under Bearish Pressure Following Earnings Although Apple shares have attempted to recover some ground during today's session, the stock still remains down nearly 2.00% since the earnings release, highlighting that weakness continues to be a relevant theme in the short term. Despite reporting earnings per share of $2.10, above the $1.99 expected by the market, and revenue of approximately $114.5 billion compared with forecasts of $113.4 billion, the results have not been enough to sustain a meaningful recovery in investor confidence. Mu

Gold finds dip buyers - for now On an intraday basis we have seen a couple of recovery attempts on gold with the metal finding some support near $3,900. The path of least resistance is still to the downside so long as the shaded region around $4K holds as resistance. For a metal that pays no interest, the prospect of higher rates raises the opportunity cost of holding it. The Fed is expected to hike again in December, barring a collapse in oil prices and a deal between the US and Iran. An insurance rate hike is i building e

Nasdaq 100 turns red The Nasdaq 100 has turned negative after futures had rallied earlier with the 6% plunge in oil. But with sentiment shaken after last week's AI-related drop, the bears have defended the broken support starting around 28,745. A revisit of las week's lows near 28,000 now appear likely, with the 200-day average siting just below it likely to be the next downside target. A deeper correction could see the summer low of 27,058 being taken out. Key levels on the chart.

AUD/USD: Recovery Faces Resistance AUD/USD is showing signs of stabilisation following October's decline, with price action recovering from the 0.69000 support region. However, the recent rebound is encountering resistance near the 50-day and 200-day moving averages, suggesting that the broader recovery remains technically unconfirmed. The pair is currently trading around 0.70210, below both the 50-day SMA at 0.70638 and the 200-day SMA at 0.70585. This overlapping resistance zone represents an important technical barrier, parti

GBP/USD: Bullish Momentum Builds as Price Tests MA Resistance GBP/USD is showing signs of renewed bullish momentum following a recovery from October's lows near the 78.6% Fibonacci retracement at 1.31942. Recent price action reflects improving buying pressure, with the pair reclaiming the 1.32900 support level and establishing a series of higher lows. The pair is currently trading around 1.34183, having moved above its 50-day SMA at 1.33759, while approaching the 200-day SMA at 1.34283. This longer-term moving average represents an important technical bar

US 10-Year Treasury Yield: Bearish Momentum Builds The US 10-Year Treasury Yield continues to exhibit short-term bearish momentum, with price action maintaining a sequence of lower highs and lower lows within a descending channel following October's peak near 5.30%. The yield is currently trading around 4.902%, below the 50-day SMA at 5.004%, suggesting weakening near-term momentum. The 5.080% horizontal level remains an important overhead resistance area, while the descending channel continues to define the prevailing corrective structure. Te

Alphabet Continues to Face Selling Pressure After Earnings Recent trading sessions have not been particularly favorable for Alphabet shares in the short term. Over the last two sessions alone, the stock has declined nearly 12%, a move that has brought a consistent bearish bias back into focus around the company. Much of the current selling pressure stems from the loss of confidence that followed this week's earnings release. The company reported earnings per share of approximately $2.70, below the $3.00 expected by the market, while revenue came in nea

Mexican Peso Continues to Show Neutrality Even After the Fed Recent sessions have remained relatively neutral for USD/MXN price action. Over the last three trading sessions, the pair has recorded a move of barely 0.3%, highlighting that the lack of a clear directional bias continues to be one of the most important characteristics of the market in the short term. This phase of indecision has persisted even after the Federal Reserve's latest policy decision. Comments from Warsh maintained a relatively neutral tone, while the Fed decided to leave interest r

Russell 2000: Bullish Reversal Signals Emerge The US Small Cap 2000 is showing early signs of a potential bullish reversal on the daily timeframe, following an extended decline within a well-defined descending channel. Recent price action has pushed above the channel's upper boundary and reclaimed the 200-day moving average, suggesting that bearish momentum may be transitioning into a recovery phase. Descending Channel – Early Breakout Signals Since its August peak, the index has maintained a sequence of lower highs and lower lows within

WTI Crude Oil: Bullish Momentum Builds, Resistance Test WTI crude oil continues to demonstrate bullish strength on the daily timeframe, with price recovering from its early-October lows and approaching a significant resistance level near 10,300. The recent advance has established a series of higher highs and higher lows, suggesting that upward momentum remains firmly established within the broader market structure. Moving Averages – Bullish Trend Structure Price remains comfortably above both the 50-day SMA (9,296.5) and the 200-day SMA (8,541.0).

EUR/USD: Bearish Momentum Persists as Price Tests Support EUR/USD remains under bearish pressure on the daily timeframe, with price continuing to form lower highs and lower lows following its late-August peak. The recent decline has brought the pair toward a significant Fibonacci retracement level, where momentum conditions suggest a potentially important test of the broader bearish structure. Moving Averages – Bearish Trend Structure Price remains firmly below both the 50-day SMA (1.14086) and the 200-day SMA (1.15658). The shorter-term average is t

ASX 200 Bulls Break Free Ahead of CPI Our ASX 200 contract is breaking out, pushing above the top of a broader resistance zone comprising the 50, 100 and 200-day moving averages, with the 8,900 level marking its upper boundary, following a period of coiling over the past month or so. If the breakout sticks, longs could be set with a tight stop beneath 8,900 for protection, targeting initially 9,000, which is a psychologically important level, followed by 9,100, which capped the price for a period back in August this year. The mess

Bitcoin ready to bounce back?Bitcoin has spend several days now hanging around the $80K level. The selling pressure has weakened. Price could be forming a low soon. This level was previously resistance. it is turning into support now. Need a trigger. But with selling pressure seemingly weekending, a sharp move higher could be the outcome amid pent up demand.

WTI Crude Oil Continues to Approach Key Highs WTI crude oil continues to display strong bullish momentum in the short term. This can be observed in the recent performance of the price, which has gained more than 3.5% over the last three trading sessions. This development highlights that buying pressure remains dominant and continues to support price action across the energy market. For now, the bullish bias continues to be driven primarily by uncertainty surrounding global oil supply. The situation in the Middle East has shown little sign

Russell Bulls Aren't Going Down Without a Fight One thing that stands out when looking at the Russell 2000 contract is that it's a market that likes to trend, often for lengthy periods. The contract now sits immediately beneath downtrend resistance from the record high set in August, with the 200-day moving average and former uptrend from the April 2025 Liberation Day low also located overhead. Together, they form a significant resistance zone heading into a massive week for risk events, including the Fed meeting and major technology earning

USD/JPY downside risks build as support gives way USD/JPY has slipped beneath 156.68 on the daily chart, a level that has attracted bids on each of the previous three tests. If the price cannot reclaim 156.68, shorts could be established with a tight stop above the level for protection, targeting 155.50, the top of a broader support zone extending down to 155.00. That area absorbed selling pressure during intervention episodes earlier this year. Given previous breakdown attempts have failed, a back test and rejection of 156.68 would strengthen

Silver plunges to close in on major support zone Silver plunges 4.5% to near $55 with gold down 2%. Risk off sentiment weighs on indices and metals, while haven flows underpin CHF, JPY and USD. Keep an eye on silver here as it approaches a major support zone here near $50, give or take $5 either side. So far, no sign of bullish reversal but soon, dip buyers could emerge. By Fawad Razaqzada, FOREX.com analyst

Dollar Bears Eye a Break Below 101.60 The US Dollar Index looks to be coiling in a descending triangle on the four-hourly chart, with the downtrend from the highs set earlier this week converging on horizontal support at 101.60. Given the coiling price action and where the triangle has formed, it points to the potential for a downside break, putting 101.03, the low set on October 1, on the radar. A break beneath 101.60 that sticks, preferably followed by a back test and rejection, could open the door for short positions with a tig

Netflix Stock Hits Fresh Lows Over recent trading sessions, weakness in Netflix shares has once again become a relevant theme. In fact, the stock has declined by nearly 7.0% over the last two sessions alone, highlighting increasingly evident selling pressure across the market. For now, this move is largely being driven by the company's latest earnings release. Although Netflix reported earnings per share of $0.87, beating market expectations of $0.82, revenue failed to surpass forecasts and came in near $13 billion for the

Bitcoin breaks out After spending several weeks inside a falling wedge (bullish continuation pattern), BTC has finally broken out of that pattern, and in doing so, has held above the long-term support around 81.0K to 82.8K (old resistance). From here, 85K could be the immediate target, with 86K retest also likely. Further higher, the next resistance zone is between 88.7K to 90K. For now, the path of least resistance is to the upside. Close below 81K would invalidate this bullish setup. By Fawad Razaqzada, FOREX

AUD/USD breakout attempt looks more convincing this time AUD/USD is looking perky on the four-hourly chart, recording its highest close so far in October, with the price now sitting above 0.7004, the low set in late September. If the Aussie can continue to hold above that level, something it has failed to do on several recent attempts, it looms as a decent launchpad to initiate longs, allowing for a tight stop to be placed beneath for protection. When it comes to potential upside targets, 0.7040 is a level that has repeatedly acted as both support a

Silver's Latest Bounce Fails to Convince Silver remains heavy on the four-hourly chart, continuing to set lower highs since topping out in late August. The price is currently testing minor support at $57, a level that has attracted bids over recent days, providing a useful reference point to build trade setups around depending on which direction the price moves from here. If the price is unable to reclaim $57 on a sustained basis, shorts could be initiated with a tight stop above the level for protection, targeting a retest of last we