Gold sellers embrace weekly low while declining for the second day in a row, currently down 0.13% around $1,823.
Brent Oil wavers around $61.25 amid overbought RSI and sluggish markets.
Gold buyers are primed for breaking the five-week-old resistance line with the recent tops near $1,848-49, as well as 200-bar SMA near $1,863.
NZDUSD also benefits from the broad US dollar weakness during the early Tuesday.
EURUSD bears aren’t disappointed as the bounce fizzles on Monday despite marking a corrective pullback from a two-month low.
Gold bears are favored by a daily closing below 200-day EMA and January low.
GBPUSD refreshes a two-week low on the key “Super Thursday” dominated by the Bank of England’s (BOE) quarterly moves.
Gold keeps the previous day’s breakdown of ascending triangle formation, suggesting the metal’s further weakness.
AUDUSD remains depressed below a short-term bearish chart formation inside three-week-old falling channel on RBA’s dovish halt.
Although an ascending trend line from March keeps challenging gold sellers, 100-day SMA raise bars for the bull’s entry.
With the market spiral full of talks over Gamestop-led fund diversion to silver weighing on risks, the white metal trims the previous day’s gains on Friday
EURUSD dropped below 50-day SMA for the first time since early November the previous day.
Gold stays inside a bullish chart formation on a key day favoring the metal buyers with a one-week-old rising trend line.
GBPUSD breaks the support line of a short-term head-and-shoulders bearish chart pattern on the hourly (H1) play.
Brent oil’s latest U-turn from 100-SMA favors the energy bulls.