Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
GOLD: 'Engulfing' led to decline
Information is not investment advice
The last bearish 'Engulfing' led to the current decline. The price has reached the lower 'Window', but there's no any reversal pattern so far. In this case, the market is likely going to continue falling down in the coming days. The next bearish target is the nearest support at 1260.20.
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.
One of the most attractive bets on the positive outcome of the trade negotiation is selling XAU/USD.