FxWirePro- Major Pair levels and bias summary 
ETHUSD Breaks Above $1900 as Bulls Eye $2300 and Beyond 
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path 
BTCUSD Holds Above 365 EMA as Bullish Momentum Builds Toward $70K 
FxWirePro: GBP/AUD dips amid heightened Geopolitical concerns 
FxWirePro: USD/CAD retains bid tone,eyes 1.4200 level 
FxWirePro- Major Pair levels and bias summary 
Major Pair Action Bias: USDCHF Turns Bullish as EURUSD Stays Bearish – Key Pairs to Watch 
FxWirePro: USD/CNY gains some upside momentum but bias still bearish 
FxWirePro- Woodies pivot (Major) 
GBPJPY Weakens on Soft UK CPI: Sell Below 217.80 Targeting 216.40 
FxWirePro:USD/JPY hovers near 40-year peak,intervention fears linger 
JPY Action Bias: USDJPY, AUDJPY & EURJPY Turn Extremely Bullish – Top Pairs to Watch 
NZDJPY Bullish Above 95: Buy Dips Toward 97 as Kiwi Strength Holds Firm 
Major Crypto Action Bias: ETHUSD Turns Bullish – Only Bullish Pair to Watch 
NZDJPY Pulls Back on Kiwi Weakness: Buy Dips at 94.40 Targeting 97 
FxWirePro- Woodies pivot (Major) 
Gold Prices in a Tight Spot: Stabilizing After a Major Sell-Off Ahead of CPI Dat
Gold prices is consolidating after a massive sell-off ahead of US CPI data.. Gold recently dropped to a multi-month low of $2,590 but is now around $2,610.
US CPI in focus- The U.S. Consumer Price Index (CPI) report for October will be released on November 13, 2024. Experts expect the overall CPI to rise by 2.6% from last year, while core CPI could go up by 0.3% monthly. This increase indicates that prices are still rising due to a strong job market and high consumer demand, particularly for used cars. The Federal Reserve will use this data to decide on interest rates, which can affect gold prices. If inflation is high, demand for gold may increase as people seek to protect their money.
According to the CME Fed watch tool, the probability of a 25 basis points rate cut in December increased to 65.80% from 58.70% a day ago.
Gold remains below both short-term and long-term moving averages on the 4-hour chart. The immediate support level is around $2,580; a fall below this could lead to targets of $2540/$2500/$2470. A bearish trend would only be confirmed if prices drop below $2,470. On the upper side, minor resistance is found at $2,620, and breaking past this barrier could push prices up to $2635/$2665/$2700.
Current market indicators present a bearish outlook: the Commodity Channel Index (CCI) indicates a bearish trend, while the Average Directional Movement Index (ADX) suggests a neutral outlook.
Consider making sell on rallies around the 2,618-20 mark, with a stop-loss positioned around 2,650 and a target price of $2,540/$2475.
