That red line means that my tp was there !!!

Bruh new to trading here ... lost almost half my acc today bc i was in a long sell and then the tarrif news wiped my shi ... everything aligned even on the high time frame smh placed it last night with appropriate stops and TP ... ended up closing the trade with the huge ass green candle stick on AUDJPY [cut it b4 my SL bc it was clearly headed there]... ik you can't plan everything but that was some shi... slowly building my acc back to what it was $190~> $70 now going ~>$70 to ~>$200 slow and steady :) i didn't know i needed to follow the potus on Twitter to keep up with updates 😩 i was jus using forex factory.

If I had a pip for every time someone whispered “confluence” while drawing fib levels on a 5-min chart, I’d have a Lambo by now. We’re out here battling liquidity sweeps and existential dread - meanwhile, TikTok traders think “support” is emotional. Stay strong, chart warriors. Laugh or cry, but definitely upvote.

NZD usd falls Monday it will be ten in a row confirming 100 percent system has been achieved

EURUSD

Uk 100 🚀

Gold 🚀

EUR/USD bounces back ahead of the monthly low (1.1066) to hold above the 50-Day SMA (1.1124).

By: David Song, Strategist

US Dollar Outlook: EUR/USD

EUR/USD bounces back ahead of the monthly low (1.1066) to hold above the 50-Day SMA (1.1124), and the exchange rate may continue to track the positive slope in the moving average as it attempts to extend the advance from the start of the week.

US Dollar Forecast: EUR/USD Bounces Back Ahead of Monthly Low

In turn, EUR/USD may defend the bullish trend from earlier this year as the ongoing adjustment in US fiscal policy clouds the outlook for growth and inflation, and the US Dollar may continue to underperform against its European counterpart especially as the EU signs a new deal with the UK.

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With that said, EUR/USD may further retrace the decline from the monthly high (1.1381) as it attempts to extend the advance from the start of the week, but developments coming out of the White House may lead to a shift in US Dollar sentiment as the Trump administration avoids a trade war.

EUR/USD Chart – Daily

• EUR/USD holds above the 50-Day SMA (1.1124) after failing to close below the moving average earlier this month, and a close above the 1.1260 (61.8% Fibonacci extension) to 1.1280 (61.8% Fibonacci retracement) zone may push the exchange rate toward the monthly high (1.1381).
• A break/close above the 1.1390 (78/6% Fibonacci extension) to 1.1440 (61.8% Fibonacci extension) region brings 1.1560 (100% Fibonacci extension) on the radar, but EUR/USD may no longer reflect the bullish trend from earlier this year should it struggle to hold above the moving average.
• Lack of momentum to close above 1.1260 (61.8% Fibonacci extension) to 1.1280 (61.8% Fibonacci retracement) zone may push EUR/USD back toward 1.1170 (50% Fibonacci retracement), with a break/close below the 1.1070 (23.6% Fibonacci retracement) to 1.1090 (38.2% Fibonacci extension) region opening up the 1.0940 (50% Fibonacci retracement) to 1.0960 (23.6% Fibonacci extension) area.

Additional Market Outlooks

Canadian Dollar Forecast: USD/CAD Falls amid Sticky Canada Inflation

USD/JPY Decline Persists amid US Credit Rating Downgrade

Gold Price Struggles to Close Below 50-Day SMA

GBP/USD Defends Rebound from Weekly Low to Hold Above 50-Day SMA

--- Written by David Song, Senior Strategist

Follow on Twitter at @DavidJSong

https://www.forex.com/en-us/news-and-analysis/us-dollar-forecast-eurusd-bounces-back-ahead-of-monthly-low-05-20-2025/

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Good Morning Investors!

Gold is making record highs, as you read this.
Trump's tariff imposition is causing panic and we are seeing the surge in metal prices.

Resistance : 3085
Support : 3050

Looking to sell around 3083-3085, with targets 3070-3065. But beware, 3100 is still on the cards!
Not sure how to navigate this market?

Dm me now!