About Mahmoud Abdallah
Mahmoud has been working fulltime in the Foreign Exchange markets for 12 years. Offers his analysis, articles and recommendations at the most renewed Arabic websites specialized in the global financial markets, and his experience gained a lot of interest among Arab traders. Works on providing technical analysis, market news, free signals and more with follow up for at least 12 hours a day, and aims to simplify forex trading and the concept of trading for his audience.
Latest 12 Articles
As we predicted, the gold price index is testing the historic psychological resistance of $4000 per ounce. According to gold trading platforms, spot gold prices rose today, Wednesday, October 8, 2025, to the resistance level of $4040 per ounce, the highest in the history of gold prices. Recently, factors contributing to gains in the gold trading market have increased. The most prominent of these currently are the continued US government shutdown, political turmoil in France, economic concerns in Japan and Argentina, the ongoing war between Russia and Ukraine, and further purchases of gold bullion by central banks. These factors are sufficient for gold bulls to advance further, ignoring, as I have mentioned before, that all technical indicators have reached extreme overbought levels.
Amid strong selling pressure, euro trading has witnessed a sharp decline amid political unrest in Europe and Asia. According to reliable trading platforms, the EUR/USD exchange rate has fallen towards the 1.1600 support level, the lowest level for the currency pair in more than a month. Currently, foreign exchange market analysts warn that French government instability and Japanese turmoil stemming from the yen could increase fourth-quarter volatility in currency markets.
The continued weakness in investor sentiment amid the US government shutdown is increasing demand for gold as a safe haven. According to gold trading platforms, the gold price index rose today, Tuesday, October 7, 2025, to the $3977 per ounce resistance level—the highest in the history of the gold price—and is the closest point to testing the historical resistance of $4000 per ounce, which commodity market experts have increasingly predicted is imminent.
Top Forex Brokers
Dear reader, based on recent trades, the EUR/USD pair has formed a short-term descending triangle pattern, characterized by lower highs connected by a falling resistance line and a flat support base around the secondary psychological level of 1.1650. The price is currently testing the triangle's resistance level, and it may see another decline toward the base. Continued selling pressure could lead to a bearish trend, while an upward breakout could lead to a rise equivalent to the pattern's height.
The price of gold at $4000 per ounce is the next target for gold bulls amid the continued strong positive momentum in the market. According to platforms of gold trading companies, momentary gold prices rose to the resistance level of $3897 per ounce, the highest in the history of the yellow metal market. The absence of US job numbers at the end of last week provided enough momentum for gold bulls to hold onto their gains. The US government shutdown joined the factors driving gains in the gold market, leading traders to ignore the fact that all technical indicators had reached sharp overbought levels.
Gold (XAU/USD) surged to fresh highs near $3,870, with traders eyeing the historic $4,000 level as US shutdown fears and Fed rate cut expectations fuel demand.
The EUR/USD is consolidating in narrow ranges, with traders awaiting Eurozone CPI and US labor data, as signals highlight fragile euro strength and key support at 1.1600.
The euro trades near 1.1680 with bearish momentum, as traders watch US jobs data and key 1.1645–1.1590 support for the next move.
Gold remains bullish near $3,800, with US jobs data set to decide whether momentum carries prices toward the $4,000 milestone.
Bonuses & Promotions
Gold retreated from all-time highs after dollar stabilization, but the bullish trend holds with key support at $3,650 and upside targets toward $3,800–$3,835.
The EUR/USD pair faces renewed selling pressure near 1.1728, with weak German data and Fed caution weighing ahead of key US GDP and inflation releases.
During today's trading session on Wednesday, September 24, 2025, the gold price index is holding steady around the $3,777 per ounce resistance level.