Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
GOLD: price to test Moving Averages
Information is not investment advice
There's a bearish 'Harami', which led to the current decline. Also, we've got an 'Inverted Hammer', but this pattern remains unconfirmed. Thus, we should watch the Moving Averages as a potential target for the current correction. The subsequent pullback from these lines could lead to another bullish rally towards the upper 'Window' (1307.72).
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.