Silver’s U-turn from 50-SMA gains support from downbeat RSI, not oversold, to direct the sellers towards a monthly support line of around $24.50.
EURUSD braces for the first positive week in six, despite recently drop back to a two-week-long symmetrical triangle during early Friday.
GBPUSD holds onto recovery moves from 16-month low post FOMC showdown. In doing so, the cable pair remains firmer above a convergence of the 10-DMA
Gold prices pare the previous day’s downside break of a six-week-old rising trend line, as well as the 21-DMA around the mid-2021 peak.
USDJPY cheers the greenback’s robust strength ahead of the Fed’s widely anticipated rate-hike to refresh five-year high.
GBPUSD refreshed a 16-month low on Friday amid broad US dollar strength, as well as preparations for this week’s key monetary policy.
Gold remains above a fortnight-long ascending support line to keep buyers hopeful.
EURUSD extends the early week rebound from a 22-month low, also holding the previous day’s break of a bearish broadening pattern.
Silver pierced 61.8% Fibonacci retracement (Fibo.) of May-September 2021 downtrend to refresh seven-month high on Tuesday.
AUDUSD rose to the four-month high on Monday. However, a broad horizontal area between 0.7425 and 0.7440.
GBPUSD marked the second consecutive weekly loss, following a U-turn from the 10-DMA on Thursday.
Gold seesaws around weekly tops after poking $1,951 during early Friday. In doing so, the bullion remains well above short-term key supports ahead of crucial US jobs data.