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Gold prices finally slipped to the lowest since July during early Friday following its failure to break the November 2020 bottom.
EURUSD is ready to drop back to the monthly low near 1.1950 with the multiple failures to clear one-month-old horizontal resistance.
Oversold RSI conditions placate gold bears around $1,790, a sustained trading below the $1,800 threshold joins expected further recovery.
AUDUSD stays well beyond the 50-day SMA, not to forget being inside the ascending triangle.
GBPUSD pair’s June 2016 to March 2020 downturn, favor the cable bulls to eye the 1.4000 psychological magnet as it refreshes the highest levels.
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.