Gold defended support for a sixth week with the January opening-range taking shape just above. Battle lines drawn on the XAU/USD weekly technical chart.
EUR/USD is opening 2025 with a fresh two-year-low as sellers extend the bearish trend that started earlier this week. Parity is an obvious point of interest but there’s a big spot of possible support along the way at the 1.0200 handle.
It was a brutal Q4 for EUR/USD as the pair had its most bearish quarterly outlay since Q3 of 2022. But – that prior instance marked a key low and the final month of Q4 showed a higher-low in the pair.
It was a banner year for gold prices which are currently showing a 26% gain for 2024 – but it was the 40% rally from February into October that dominated the narrative for gold prices this year.
Gold’s relentless 2024 rally has defied strong dollar headwinds and rising yields, smashing records and flipping traditional relationships on their head. Is it still a safe haven, or has the game changed for good?
See a technical preview of our 2025 Gold Outlook!
See a fundamental preview of our 2025 Gold Outlook!
See a technical preview of our full 2025 EUR/USD Outlook report!
See a preview of our full 2025 EUR/USD Outlook report!
EUR/USD has recorded a 2% decline over the last five sessions, favoring the dollar and placing the euro in a sustained bearish zone.
EUR/USD appears to be defending the yearly low (1.0333) as it rebounds from a fresh monthly low (1.0343).
