Gold has already printed a bear cross but the 200-SMA has been defending bulls so far, suggesting a tough fight between the buyers and sellers.
GBPUSD’s sustained break of the one-month-old horizontal resistance, near 1.3265-70, keeps buyers hopeful ahead of the UK CPI data for February.
AUDUSD extends pullback from the 0.7430-40 horizontal area comprising multiple tops marked since October 2021.
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.