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Daily Technical Analysis: [05 Dec]

1小时前 TMGM

1. EUR/USD Analysis:

News Summary:

Eurozone retail sales outperformed market expectations, with October retail sales showing 0% month-on-month growth, reversing the 0.1% decline seen in September and matching market forecasts. Year-on-year growth came in at 1.5%, exceeding the market expectation of 1.3%. The Eurozone HCOB Services PMI final reading was revised up to 53.6, marking the fastest pace of expansion in more than two years and the sixth consecutive month of growth for the sector.

 

Trend Analysis:

We can see EUR/USD on the H4 chart has pulled back within a choppy range but remains above the 48 hours moving average. In addition, the MACD double line and histogram bars continue to expand above the zero axis. The sell limit could be employed, stop loss is necessary.

 

Today's Key Price Levels:

Key Support Levels: [1.1590]

Key Resistance Levels: [1.1720]
Pivot Points [1.1680]

 

 

 

2. Gold Analysis:

 

News Summary:

U.S. President Trump’s aggressive trade policies and unilateral freezing of other countries’ U.S.-dollar assets have injected significant volatility into a global economy already strained by ongoing regional conflicts. Against the backdrop of heightened global economic uncertainty, rising geopolitical risks, and shifts in the international monetary system, gold has become a core asset for central banks seeking to build a financial safety net that partially replaces reliance on the U.S. dollar. According to data from the World Gold Council, as of October 31, global central banks have made net purchases totaling 254 tonnes of gold this year.

 

Trend Analysis:

On the H4 chart, we can see gold is consolidating and trading near the 48 hours moving average. On the other hand, the MACD double line and energy bars are contracting near the zero axis. The buy limit could be placed, stop loss is mandatory.

 

Today's Key Price Levels:

Key Support Levels: [4170]

Key Resistance Levels: [4290]

Pivot Points [4190]


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