Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
GOLD: bullish 'Flag' pattern
Information is not investment advice
There's a bullish 'Flag' pattern, which has been confirmed. So, we should watch the next resistance at 1286.15 - 1295.25 as a potential target. The subsequent pullback from this area could be a starting point for a decline towards the previously tested support at 1281.94.
CHF/JPY is trading at the resistance line since September 2018 high. The upside is also limited by the 100-day MA at 108.85.
EUR/NZD is consolidating within a symmetric triangle around 1.7400. Where will it go next?
GBP/CAD made a huge leap to the upside yesterday and got above 1.65 and arrived at the resistance line from May.