1. EUR/USD Analysis:

News Summary:

The weakening growth outlook in the Eurozone and the narrowing scope for further interest rate hikes by the European Central Bank (ECB) are jointly weighing on the euro’s short-term performance. The latest data showed that Germany’s ZEW Economic Sentiment Index fell to 18.5 in October, missing market expectations of 24.2 and declining from the previous reading of 25.8. The weaker-than-expected ZEW data reflects deteriorating growth prospects across the Eurozone and further undermines the case for additional interest rate increases by the ECB. Markets currently expect the ECB to keep its deposit facility rate unchanged at 2.50% at its October 29 policy meeting. On the H4 timeframe,

Trend Analysis:

We can see EUR/USD continues to fluctuate within a relatively narrow range while trading above the 48 hours moving average on the H4 chart. On the other hand, the MACD double line and energy bars are expanding near the zero axis. The sell limit could be set, stop loss is necessary.

Today's Key Price Levels:

Key Support Levels: [1.1140]

Key Resistance Levels: [1.1300]
Pivot Points [1.1270]

2. XAU/USD Analysis:

News Summary:

Spot gold prices retreated on Tuesday as investors weighed the possibility of further interest rate hikes this year ahead of the Federal Reserve’s monetary policy meeting next week. Inflation concerns and the Fed’s interest rate policy remain the primary factors weighing on gold prices. Meanwhile, US Treasury bonds currently appear more attractive than gold as safe-haven assets amid ongoing market uncertainty. The $4,000 level remains a crucial psychological and technical threshold for gold prices, and whether this key support level can hold will largely depend on the Federal Reserve’s upcoming policy statements and its outlook for future interest rate decisions.

Trend Analysis:

On the H4 chart, we can see gold prices continue to fluctuate lower while trading below the 48 hours moving average. Meanwhile, the MACD double line and histogram bars are expanding below the zero axis. The sell limit could be employed, stop loss is mandatory.

Today's Key Price Levels:

Key Support Levels: [4040]

Key Resistance Levels: [4200]

Pivot Points [4150]