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20 Jan, 2025
5 minutes

Daily Technical Analysis:EUR/USD、Gold

Welcome to our daily technical analysis of the financial markets, focusing today on EUR/USD and Gold. Let's dissect the latest news, market trends, and crucial price levels to watch out for.


1. EUR/USD Analysis:
News Summary:
The euro is under continued downward pressure due to the dovish stance of the European Central Bank. The ECB indicated in the minutes of its December meeting that the pace of policy easing will continue, and the ECB did not rule out more substantial interest rate cuts. Although the central bank finally decided to cut interest rates by 25 basis points, it discussed whether to cut interest rates by 50 basis points, reflecting the ECB's high concern about the downside risks to economic growth.

Trend Analysis:
We can see EUR/USD is still volatile and is running near the 48 hours moving average. On the other hand, the MACD double line and energy bar expand near the zero axis. The buy limit could be used, stop loss is necessary.

Today's Key Price Levels:
Key Support Levels: [1.0220]
Key Resistance Levels: [1.0400]
Pivot Points [1.0260]

 

2. Gold Analysis:

News Summary:
ANZ Bank said that amid macroeconomic and geopolitical uncertainty, gold will exert its risk-diversifying appeal. Gold's sensitivity to its traditional drivers, interest rates and the U.S. dollar, will continue to be volatile in 2025. The increased uncertainty surrounding the new U.S. administration and the actions it may take is affecting gold as a tool for trading short-term swings. The Trump administration will drive up safe-haven demand and be linked to the fear factor in bullish expectations for gold in 2025.

Trend Analysis:
We can see gold H4 level encountered resistance and fell back and ran near the 48 hours moving average. In addition, the MACD double line and energy column began to expand above the zero axis. The buy limit could be placed, stop loss is compulsory.

Today's Key Price Levels:
Key Support Levels: [2677]
Key Resistance Levels: [2738]
Pivot Points [2690]

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