Forex Signals for 04th December 2020
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Buy GBPUSD at 1.3467
Take Profit at 1.3520
Stop loss at 1.3400
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Buy GBPJPY at 139.85
Take profit at 140.20
Stop loss at 139.30
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Buy EurUsd at 1.2156
Take Profit at 1.2210
Stop loss at 1.2100
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Buy Xauusd at 1843
Take Profit at 1853
Stop loss at 1830
You can also place a buy limit at 1834
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- Gold recovery stalls near $4,200 as US Dollar, Treasury yields stabiliseGold gains ground but struggles to extend its recovery as the US Dollar and Treasury yields stabilise. Traders await US consumer sentiment and inflation expectations data during American trading hours. XAU/USD remains confined to the $4,100-$4,200 range, with key daily SMAs capping the upside. Gold (XAU/USD) trades on the front foot on Friday but struggles… Read more: Gold recovery stalls near $4,200 as US Dollar, Treasury yields stabilise
- EUR/USD Price Forecast: Rallies fail above 1.1200 amid high Oil prices, debt woesEUR/USD treads water around 1.1200 after bouncing from 16-month lows at the 1.1150 area. High Oil prices and France’s complex debt scenario are keeping Euro bulls in check. The Fed’s Musalem has warned thst the bank will have to tighten rates further to bring inflation to target. The Euro (EUR) is failing to capitalise on… Read more: EUR/USD Price Forecast: Rallies fail above 1.1200 amid high Oil prices, debt woes
- Gold Price Forecast: XAU/USD recovery falters as Oil and yields riseXAU/USD picks up from two-month lows at $4,066, but it remains capped in the lower range of the $4,100s. A strong recovery in Oil prices and US Treasury yields steady near long-term highs are keeping Gold’s rallies limited. Technically, the bearish trend remains in play while below the trendline resistance at the $4,200 area. Gold… Read more: Gold Price Forecast: XAU/USD recovery falters as Oil and yields rise
- Euro gains ground against British Pound despite French debt risksEUR/GBP rebounds to around 0.8485 in Thursday’s early European session. The UK faces a challenging fiscal picture, weighing on the British Pound. Traders are worried France’s fragile public finances risk spilling over to the rest of Europe. The EUR/GBP cross recovers some lost ground to near 0.8485, snapping the nine-day losing streak during the early… Read more: Euro gains ground against British Pound despite French debt risks
- Euro extends losing streak against British Pound, hits 16-month lowEUR/GBP trims intraday losses after falling to its weakest level since June 2025. France’s fiscal and political concerns remain the main drag on the Euro. Fiscal concerns on both sides of the Channel leave the Euro more vulnerable than the Pound. EUR/GBP trimmed part of its intraday decline on Wednesday but remained on the back… Read more: Euro extends losing streak against British Pound, hits 16-month low
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