Get started

Gbpusdanalysis

#GBPUSD:+1000 Pips Highly Probable Target! Agree with the idea? GBPUSD is currently trading at a highly probable point where we may see a strong bullish volume emerge in the market. This key level is only valid if the US dollar declines further, as a weak dollar will push our prices towards our target zones, helping us gain a higher risk-to-reward trade setup. Please like and comment on the ideas, even if you disagree. Sharing thoughts will help us all. There are three major targets, and they accumulate to a +1000 pips trade setup. Set your take profit and stop loss based on your own analysis. Team Setupsfx_
Long
by Setupsfx_
23
GBPUSD(20251027)Today's AnalysisMarket News: ① September's US CPI fell short of expectations across the board, leading traders to bet on two more Fed rate cuts this year. ② White House National Economic Council Director Hassett stated the data was "excellent," indicating slowing inflation and easing pressure on the Fed. ③ The White House stated that inflation data may not be released next month, a first for the time being. Technical Analysis Technical Analysis: Today's Buy/Sell Levels: 1.3322 Support and Resistance Levels: 1.3401 1.3372 1.3353 1.3292 1.3273 1.3243 Trading Strategy: If the market breaks above 1.3322, consider entering a buy position, with the first target price being 1.3353. If the market breaks below 1.3292, consider entering a sell position, with the first target price being 1.3273.
Long
by GoldenSpaceship
2
Market Analysis: GBP/USD Declines As Dollar Sees Mixed FlowsMarket Analysis: GBP/USD Declines As Dollar Sees Mixed Flows GBP/USD started a downside correction from the 1.3470 zone. Important Takeaways for GBP/USD Analysis Today - The British Pound started a fresh decline and settled below the 1.3400 zone. - There is a connecting bearish trend line forming with resistance at 1.3330 on the hourly chart of GBP/USD. GBP/USD Technical Analysis On the hourly chart of GBP/USD, the pair struggled above 1.3450. The British Pound started a fresh decline below 1.3400 against the US Dollar, as discussed in the previous analysis. The pair dipped below the 1.3350 and 1.3300 levels. A low was formed at 1.32874 and the pair is now consolidating losses. On the upside, the pair is facing resistance near 1.3330 and a bearish trend line. It is close to the 23.6% Fib retracement level of the downward move from the 1.3471 swing high to the 1.3287 low. The next key hurdle on the GBP/USD chart could be near the 50% Fib retracement at 1.3380. The main breakout zone is 1.3400. An upside break above 1.3400 could send the pair toward 1.3470. Any more gains might open the doors for a test of 1.3500. If there is another decline, the pair could find support near 1.3285. The first key zone for the bulls might be 1.3250. A clear move below 1.3250 might send GBP/USD toward 1.3220. The next target for the bears might be 1.3200, below which the price could dive and test 1.3050. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
GBPUSD: Sterling Finds Its Feet After Testing Key SupportGBPUSD, Cable has been under steady pressure, but buyers are showing signs of life as the pair bounces from a well-defined support zone. With the dollar losing some steam and the pound finding relief from stabilizing UK data, the setup suggests room for a corrective leg higher into the 1.3440–1.3520 region. Current Bias Bullish – GBPUSD is attempting a rebound from the lower boundary, with upward momentum aiming at nearby resistance zones. Key Fundamental Drivers GBP: The Bank of England has turned more cautious, but wage growth and services inflation remain sticky, limiting the scope for aggressive cuts. USD: The greenback is weighed down by softening macro data and rising bets on Fed rate cuts into 2026. Relative Rates: With both the BoE and Fed cautious, short-term momentum depends on US inflation and UK CPI outcomes. Macro Context Interest Rates: Fed easing expectations continue to build, while the BoE may be slower to cut given persistent domestic inflation. Economic Growth: UK growth remains sluggish but resilient, while US growth shows clearer signs of slowdown. Geopolitical Themes: Dollar safe-haven demand could still spike on trade-war rhetoric and political uncertainty. Primary Risk to the Trend A hawkish surprise from the Fed or stronger US jobs/inflation data could halt GBPUSD’s recovery and push the pair back below recent support. Most Critical Upcoming News/Event UK GDP and CPI releases. US PCE inflation and NFP. Bank of England and Federal Reserve commentary. Leader/Lagger Dynamics GBPUSD is often a leader in risk-driven FX flows, especially during periods of heightened USD volatility. Its movements tend to influence GBP crosses like GBPNZD, GBPCAD, and GBPJPY. Key Levels Support Levels: 1.3340, 1.3285, 1.3247 Resistance Levels: 1.3442, 1.3526 Stop Loss (SL): 1.3247 Take Profit (TP): 1.3442 (first), 1.3526 (extended) Summary: Bias and Watchpoints GBPUSD is currently biased to the upside, with the bounce from 1.3340 suggesting buyers are targeting 1.3442 and potentially 1.3526. The recommended stop loss sits at 1.3247 to protect against downside risk if the dollar strengthens again. The critical watchpoints are US inflation and UK CPI, as these will determine whether sterling can extend its recovery or remain capped within its broader downtrend. For now, the bias leans bullish, but caution remains key with high-impact data ahead.
Long
by ultreosforex
GBPUSD FRGNT Daily Forecast -Q4 | W44 | D27| Y25 |📅 Q4 | W44 | D27| Y25 | 📊 GBPUSD FRGNT Daily Forecast 🔍 Analysis Approach: I’m applying Smart Money Concepts, focusing on: Identifying Points of Interest on the Higher Time Frames (HTFs) 🕰️ Using those POIs to define a clear trading range 📐 Refining those zones on Lower Time Frames (LTFs) 🔎 Waiting for a Break of Structure (BoS) for confirmation ✅ This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price. 💡 My Motto: "Capital management, discipline, and consistency in your trading edge." A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan 📈🔐 ⚠️ Losses? They’re part of the mathematical game of trading 🎲 They don’t define you — they’re necessary, they happen, and we move forward 📊➡️ 🙏 I appreciate you taking the time to review my Daily Forecast. Stay sharp, stay consistent, and protect your capital — FRNGT 🚀 FX:GBPUSD
Long
by JCFRGNT
GBPUSD: Bearish From The -OB. Look For Valid Sells!Welcome back to the Weekly Forex Forecast for the week of Oct. 27 - 31st. The GBPUSD traded up into the Supply Zone, then dropped from it, as forecasted last week. This week should see more bearish price action. I like GBPUSD for shorts more than EURUSD, btw. Seems to be technically weaker. FOMC on Wednesday, so be mindful of the volatility injection into the markets. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Short
by RT_Money
GBPUSD (1D) – Potential Wave 3 Formation#GBPUSD (1D) – Potential Wave 3 Formation Current price: 1.3337 The British pound is showing early signs of a potential third wave expansion after testing key support. Market structure suggests the pair may be transitioning from a corrective phase into a new impulsive leg higher. 🧩 Technical Overview • The pair found strong support near 1.3300–1.3240, aligning with the lower boundary of the current structure and the 0.236 Fibonacci zone. • Price action shows stabilization and a potential pivot from the support base. • A breakout from the short-term downward channel would confirm the start of a bullish impulse. 📈 Scenario • The structure indicates possible wave development toward higher Fibonacci targets. • Stop-loss: below 1.3280, under the recent low. • Upside targets: – 1.3450–1.3470 — initial resistance / short-term confirmation zone – 1.3600–1.3610 — mid-cycle resistance (1.618 Fib extension) – 1.3690–1.3700 — secondary target – 1.3810–1.3830 — extended objective (2.618 Fib projection) • Break and daily close above 1.3450 would confirm the upward continuation pattern. ⚙️ Market Context • GBP/USD remains in a corrective structure since September, but momentum indicators suggest exhaustion of the bearish leg. • Fundamental backdrop: GBP stabilizing as USD momentum eases after recent highs. • The structure aligns with broader risk-on sentiment and early signs of FX rotation into higher-yield currencies. 🧭 Summary GBP/USD is consolidating near major support, potentially forming the base of a third wave. As long as the price stays above 1.3280, bias remains bullish, targeting 1.3450 → 1.3600 → 1.3700 → 1.3810. A daily breakout above 1.3450 would confirm the start of the impulsive phase.
Long
by NewOneCrypto
GBP/USD: Final Wave of Impulse or Beginning of a Bear Trap?GBP/USD: Final Wave of Impulse or Beginning of a Bear Trap? 📈 Weekly Scenarios Bullish scenario: The pair holds the ~1.3200-1.3250 level, then breaks resistance at ~1.3450 → wave (5) begins to ~1.3600 or higher. Consolidation: The price moves between ~1.3250 and ~1.3450 without a clear direction, the market is accumulating energy. Bearish scenario: Break of support at ~1.3200 with volume confirmation → correction begins → support target at ~1.3000-1.3100. ✅ Conclusion The technical picture for GBP/USD this week looks balanced and bullish, but with the risk of a scenario change. Holding the ~1.3200-1.3250 zone is critical for the bulls. A breakout of resistance at ~1.3450 will signal an upward move. A downward breakout below ~1.3200 will signal a correction. Watch the price reaction in the highlighted zones and confirmation of the wave structure before entering.
Long
by Trade_Hive_Signals
DeGRAM | GBPUSD is declining in the descending channel📊 Technical Analysis ● GBP/USD continues to trade within a descending channel, facing consistent rejection near 1.3380–1.3430 resistance. ● The pair is forming lower highs, with price action pointing toward renewed selling pressure targeting 1.3270 and possibly deeper channel support. 💡 Fundamental Analysis ● The pound remains under pressure as U.K. inflation expectations ease and Fed officials reaffirm a cautious stance on rate cuts, supporting the dollar. ✨ Summary ● Short bias below 1.3380; targets 1.3270–1.3220. Technical weakness and macro divergence reinforce medium-term bearish momentum. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Short
by DeGRAM
2
GBP/USD Bullish Setup Above 1.3371FenzoFx—GBP/USD is trading in the previous week's range while defending the bullish fair value gap from October 14. The price is yet below the 20-period SMA, despite the oversold signal by stochastic and the impulsive upside momentum yesterday. From a technical perspective, GBP/USD can potentially aim for the weekly highs at 1.3471. However, for this scenario to unfold, the price must close above the 1.3371 immediate resistance. Furthermore, for the bullish outlook to remain valid, the mean threshold of the 4H fair value gap must remain intact.
by FenzoFxBroker
GBPUSD Forming Bearish StructureGBPUSD on the daily chart is maintaining a clear bearish structure, with price consistently forming lower highs while pressing toward a strong horizontal support zone near the 1.3200 region. The current momentum suggests a potential continuation of the downward move, as sellers remain in control following repeated rejections around 1.3400–1.3450. The pair’s structure reflects market sentiment leaning toward USD strength, especially as investors seek stability amid shifting risk conditions and diverging monetary outlooks. From a fundamental perspective, the US dollar remains supported by hawkish commentary from the Federal Reserve, as policymakers continue to emphasize the need for keeping rates elevated until inflation returns decisively to target. Meanwhile, the British pound is weighed down by weaker UK growth data and declining inflation pressures, which have reduced the probability of further Bank of England tightening. This policy divergence between the Fed and the BoE reinforces downside potential for GBPUSD in the short to medium term. If price breaks decisively below 1.3200, the next key area to watch would be around 1.3100, where buyers may attempt to step in. However, as long as the pair trades below 1.3450 resistance, the bias remains bearish with potential for deeper correction. Short-term traders can look for pullbacks toward resistance zones for potential sell entries, while longer-term traders should monitor fundamental catalysts for confirmation. The combination of technical weakness and fundamental divergence points toward continued bearish pressure, offering profitable opportunities in favor of USD strength.
Long
by AndrewsMarket-Mastery
3
GBPUSD FRGNT Daily Forecast New York Update .1 -Q4 | W43 | D22| 📅 Q4 | W43 | D22| Y25 | 📊 GBPUSD FRGNT Daily Forecast New York Update .1 🔍 Analysis Approach: I’m applying Smart Money Concepts, focusing on: Identifying Points of Interest on the Higher Time Frames (HTFs) 🕰️ Using those POIs to define a clear trading range 📐 Refining those zones on Lower Time Frames (LTFs) 🔎 Waiting for a Break of Structure (BoS) for confirmation ✅ This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price. 💡 My Motto: "Capital management, discipline, and consistency in your trading edge." A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan 📈🔐 ⚠️ Losses? They’re part of the mathematical game of trading 🎲 They don’t define you — they’re necessary, they happen, and we move forward 📊➡️ 🙏 I appreciate you taking the time to review my Daily Forecast. Stay sharp, stay consistent, and protect your capital — FRNGT 🚀 FX:GBPUSD
Long
by JCFRGNT
Cable Pressure Builds — A Strong Drop May Be Imminent!🎭 CABLE HEIST: The Great British Pound Robbery! 💷🔫 📊 Market Intel: GBP/USD Swing/Day Trade Setup 🎯 THE MASTER PLAN Asset: GBP/USD (CABLE) - Forex Market Trade Type: Swing/Day Trade Bias: 🐻 Bearish Confirmation Strategy: "The Thief" - Multi-Layer Entry System 📉 TECHNICAL BREAKDOWN The triangular moving average retest has confirmed our bearish scenario! Price action is showing weakness at key resistance zones, making this an opportune moment to execute our calculated heist. Key Technical Signals: Triangular Moving Average rejection ✅ Bearish momentum building 📉 Resistance zone holding strong 🛑 Multiple timeframe alignment 🎯 💰 THE HEIST EXECUTION PLAN Entry Strategy: "The Thief" Layering Method Instead of going all-in at one price (rookie move! 😅), we're using multiple sell limit orders to build our position like a professional vault cracker: 🎯 Sell Limit Layers: Layer 1: 1.34000 Layer 2: 1.33800 Layer 3: 1.33600 Layer 4: 1.33400 Pro Tip: You can add more layers based on your risk appetite and account size. Scale in, don't dive in! 🏊‍♂️ 🛡️ RISK MANAGEMENT Stop Loss: 1.34400 (Thief's Emergency Exit 🚨) ⚠️ IMPORTANT NOTE: This is MY stop loss based on my risk tolerance. You're the boss of your own money! Set your SL according to YOUR risk management rules and account size. Trade at your own risk, OG's! 💪 🎯 PROFIT TARGET Take Profit: 1.32000 (The Escape Route! 🏃‍♂️💨) Why this target? Strong historical support zone (Police barricade! 🚧) Oversold conditions likely at this level High probability trap zone for bulls 🐻 Risk/Reward ratio is chef's kiss 👌 ⚠️ ANOTHER IMPORTANT NOTE: This is MY target. You make your money, you take your money! Don't be greedy - secure profits at levels YOU'RE comfortable with. It's YOUR choice, YOUR risk! 💼 🔗 CORRELATED PAIRS TO WATCH Keep your eyes on these partners in crime: 📊 Related Pairs: FX:EURUSD - If DXY strengthens, both Cable and Euro take hits together TVC:DXY (US Dollar Index) - The puppet master! Rising DXY = Falling GBP/USD OANDA:GBPJPY - Confirms GBP weakness across the board OANDA:EURGBP - Shows relative strength between European currencies Correlation Explanation: When the Dollar flexes 💪, Cable typically folds 📉. Watch DXY for confirmation - if it's pumping, our bearish bias gets stronger! EUR/USD often moves in tandem with GBP/USD, so it's like having a surveillance camera on the whole operation! 🎥 🎓 KEY TAKEAWAYS ✅ Multi-layer entry reduces risk and improves average entry price ✅ Clear technical confirmation before execution ✅ Defined risk with stop loss above resistance ✅ Logical target at strong support zone ✅ Correlation analysis supports the directional bias ⚡ FINAL WORDS FROM THE THIEF Remember, OG's - the market doesn't care about our plans! 😂 Stay disciplined, manage your risk, and don't let emotions drive your decisions. This setup has solid technical backing, but ALWAYS trade what you can afford to lose! The best traders are patient thieves - they wait for the perfect moment to strike! ⏰💎 ✨ If you find value in my analysis, a 👍 and 🚀 boost is much appreciated — it helps me share more setups with the community! #GBPUSD #CABLE #ForexTrading #SwingTrading #DayTrading #TechnicalAnalysis #ForexSignals #PriceAction #RiskManagement #TradingStrategy #ForexSetup #BearishSetup #LayeringStrategy #ForexCommunity #TradingView #ForexIdeas #MarketAnalysis #ThiefStyle #ForexHeist
Short
by The-Thief
GBPUSD FRGNT Daily Forecast New York Update -Q4 | W43 | D22| Y2📅 Q4 | W43 | D22| Y25 | 📊 GBPUSD FRGNT Daily Forecast New York Update 🔍 Analysis Approach: I’m applying Smart Money Concepts, focusing on: Identifying Points of Interest on the Higher Time Frames (HTFs) 🕰️ Using those POIs to define a clear trading range 📐 Refining those zones on Lower Time Frames (LTFs) 🔎 Waiting for a Break of Structure (BoS) for confirmation ✅ This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price. 💡 My Motto: "Capital management, discipline, and consistency in your trading edge." A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan 📈🔐 ⚠️ Losses? They’re part of the mathematical game of trading 🎲 They don’t define you — they’re necessary, they happen, and we move forward 📊➡️ 🙏 I appreciate you taking the time to review my Daily Forecast. Stay sharp, stay consistent, and protect your capital — FRNGT 🚀 FX:GBPUSD
Long
by JCFRGNT
DeGRAM | GBPUSD is forming a descending wedge📊 Technical Analysis ● GBP/USD failed to hold above the 1.3415 resistance and reversed lower within a descending channel, confirming short-term bearish control. ● The pair is now testing support near 1.3360, with a potential pullback toward 1.3390 before extending losses toward 1.3335 as momentum weakens. 💡 Fundamental Analysis ● The pound remains pressured by soft UK data and cautious Bank of England guidance, while the dollar strengthens amid hawkish Fed tone and risk aversion. ✨ Summary ● Short bias below 1.3415; targets 1.3360–1.3335. Technical weakness and stronger USD fundamentals favor continued downside pressure. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Short
by DeGRAM
1
GBPUSD FRGNT Daily Forecast - Q4 | W43 | D22| Y25 | 📅 Q4 | W43 | D22| Y25 | 📊 GBPUSD FRGNT Daily Forecast 🔍 Analysis Approach: I’m applying Smart Money Concepts, focusing on: Identifying Points of Interest on the Higher Time Frames (HTFs) 🕰️ Using those POIs to define a clear trading range 📐 Refining those zones on Lower Time Frames (LTFs) 🔎 Waiting for a Break of Structure (BoS) for confirmation ✅ This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price. 💡 My Motto: "Capital management, discipline, and consistency in your trading edge." A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan 📈🔐 ⚠️ Losses? They’re part of the mathematical game of trading 🎲 They don’t define you — they’re necessary, they happen, and we move forward 📊➡️ 🙏 I appreciate you taking the time to review my Daily Forecast. Stay sharp, stay consistent, and protect your capital — FRNGT 🚀 FX:GBPUSD
Long
by JCFRGNT
GBPUSD: Drifting Lower! Sells Are Valid! #gpusd #trading #forWelcome back to the Weekly Forex Forecast for the week of Oct. 20-24th. The GBPUSD traded up into the Supply Zone. Will it hold, and send price downward? This is my expectation. I will wait for confirmation, looking to see if the highlighted +FVG holds or fails. The failure will validate sells. Patience pays. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Short
by RT_Money
6
GBPUSD Strength Rebuilds – Buyers Eye Fresh BreakoutGBPUSD has bounced from a strong demand zone, reflecting renewed buyer confidence after a corrective phase. The pair is holding above short-term support and attempting to build momentum toward its next resistance area. Key Levels: Buy : 1.33800 Take Profit: 1.34700 Stop Loss: 1.33220 Reasoning: The recent recovery aligns with an improving market sentiment as price stays above intraday support. Technical structure indicates higher lows forming on the chart, suggesting that bulls may maintain control while the pair remains above 1.3320. A breakout continuation could extend gains toward the 1.3470 resistance region. On the fundamental side, a softer U.S. Dollar tone and steady U.K. yield outlook continue to support the pound’s recovery trajectory. Disclaimer: This content is shared for educational purposes only and should not be taken as financial advice
Long
by SwingTrade_Concept
GBPUSD FRGNT Daily Forecast - Q4 | W43 | D21| Y25 |📅 Q4 | W43 | D21| Y25 | 📊 GBPUSD FRGNT Daily Forecast 🔍 Analysis Approach: I’m applying Smart Money Concepts, focusing on: Identifying Points of Interest on the Higher Time Frames (HTFs) 🕰️ Using those POIs to define a clear trading range 📐 Refining those zones on Lower Time Frames (LTFs) 🔎 Waiting for a Break of Structure (BoS) for confirmation ✅ This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price. 💡 My Motto: "Capital management, discipline, and consistency in your trading edge." A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan 📈🔐 ⚠️ Losses? They’re part of the mathematical game of trading 🎲 They don’t define you — they’re necessary, they happen, and we move forward 📊➡️ 🙏 I appreciate you taking the time to review my Daily Forecast. Stay sharp, stay consistent, and protect your capital — FRNGT 🚀 FX:GBPUSD
Short
by JCFRGNT
GBP/USD | SMC Setup — OB + FVG Alignment for Possible Reversal.“GBP/USD forming a high-confluence OB + FVG setup after liquidity sweep — watching for bullish reaction from discounted zone ⚡ #InsideTradeVision” After a clean sweep of Equal Highs (EQH), price created a strong Break of Structure (BoS) and left behind an Order Block (OB) aligning with a Fair Value Gap (FVG) — a high-confluence zone for potential bullish reaction. The market is now trading near an EQL area, hinting at liquidity collection before a possible expansion to the upside. If price taps into the OB + FVG zone and holds structure, a rebound toward the premium range could unfold. 📊 Concepts Used: Smart Money Concept (SMC) | OB + FVG | BOS | EQH & EQL | Liquidity 🕐 Timeframe: 1H 💭 Bias: Bullish — watching for confirmation inside the OB + FVG zone.
Long
by InsideTradeVision
GBPUSD(20251021)Today's AnalysisMarket News: The US government shutdown entered its 20th day on Monday after senators failed to break the impasse for the tenth time last week. The shutdown has also delayed the release of key economic data, leaving investors and Federal Reserve policymakers with a data vacuum ahead of next week's policy meeting. The US Consumer Price Index (CPI) data, delayed by the shutdown, is scheduled for release this Friday. Meanwhile, traders are pricing in a 99% probability of a Fed rate cut next week, with another cut expected in December. As a non-interest-bearing asset, gold typically performs well in a low-interest rate environment. Technical Analysis: Today's Buy/Sell Levels: 1.3414 Support and Resistance Levels: 1.3457 1.3441 1.3431 1.3398 1.3388 1.3372 Trading Strategy: On a break above 1.3414, consider a buy entry, with the first target at 1.3431. On a break below 1.3398, consider a sell entry, with the first target at 1.3372.
Short
by GoldenSpaceship
1