Gold was firmer on Friday morning and recovered a part of post-NFP losses. The metal is on track for a weekly gain after being in red for two consecutive weeks that adds to positive signals, as the price remains at the upper side of larger consolidation range ($3500/$3120). Negative impact from upbeat US labor data was short-lived, with…

British pound fell across the board on Wednesday following fresh political storm in the UK, after finance minister Reeves’ budget plan was strongly hurt by a series of significant changes in welfare reform bill that undermined the position of the fin min Reeves, as well as PM Starmer, who gave his full support to the finance minister. Fresh…

The dollar index edged higher from new 3 ½ low on Wednesday, after US JOLTS report surprise jump brightened near term outlook and prompted a partial profit taking Bounce was so far limited as the dollar remains pressured by uncertainty over President Trump’s massive tax and spending bill (worth $3.3 trillion) which was passed by Senate and needs…

Recovery leg from $3246 (June 30 low) extends into second consecutive day and accelerated on Tuesday, recovering over 50% of the fall seen in past two weeks. Weaker dollar on fresh tariff uncertainty as Trump’s July 9 deadline nears and his latest notification that there will be no further extension, lifted gold price. Markets are also…

Bears accelerated on Tuesday and probe below 143 handle following breach of Fibo support at 143.23 (61.8% retracement of 139.88/148.64 uptrend. The downtrend from June 23 spike high (148.02) remains firmly in play and keys supports at 142.30 (daily higher base) and 141.95 (Fibo 76.4%), guarding key supports at 140.00/139.88 (psychological / 2025…

AUDUSD trades within a narrow consolidation under new 2025 high (0.6563) for the second consecutive day and keeps firm bullish stance for now. Technical picture remains firmly bullish on daily chart (the action is underpinned by thick ascending daily Ichimoku cloud), with additional positive signal from massive bullish engulfing on weekly chart…

Gold bounced from one-month low ($3247) on Monday, lifted by weaker dollar and partial profit-taking from 5% drop in past two weeks. The yellow metal showed limited positive reaction on recent war between Israel and Iran but fell two full figures on announcement of ceasefire and signals of US-China trade deal, which contributed to strong drop in…

Gold accelerated lower (down almost 2%) on Friday after losing solid supports at $3300 zone, which previously contained several attacks. The metal lost ground on sharply fading geopolitical tensions, as well as growing positive signs of final US-China trade deal that significantly deflated safe haven demand. Gold is on track for the second…