Gold prices are so far up for the second consecutive week as traders await the key US inflation data.
AUDUSD retreats to the upper line of a one-month-old symmetrical triangle.
EURUSD extends the previous three-week uptrend as traders await Eurozone Retail Sales and the US inflation data.
USDCAD posted the biggest daily slump in six years on Friday and pushed back the bulls.
GBPUSD grinds lower so far during November, after posting the biggest monthly gains since July 2020.
EURUSD defends the upside break of the 50-DMA and five-month-old descending trend line as traders await the Fed’s verdict on Wednesday.
AUDUSD bounces off a one-month-old horizontal support while poking the 200-SMA.
USDCAD crossed a one-week-old resistance the previous day but stayed on the way to the first monthly loss in three inside a fortnight-long bearish channel.
Although a one-week-old ascending trend line challenges gold bears of late, repeated failures to cross the 200-SMA signals further hardships for buyers.
EURUSD jostles with a four-month-old resistance line, as well as the 50-DMA, respectively around 0.9870 and 0.9900, as it lures buyers near a fortnight top.
The US dollar’s decline versus most currencies on Friday allowed GBPUSD to bounce off a three-week-old support line.
Gold braces for the second weekly loss but the bears appear hesitant around the yearly low.