Gold is challenging the $4,700 level on renewed downside in Asia on Thursday, wiping out the previous rebound.

Spot Gold is little changed on a daily basis, trading around the $4,730 level. Uncertainty took over financial markets after the latest Middle East developments that led to the current stalemate situation.

The Iran war inflation shock could be larger than that of the Coronavirus pandemic. You think it’s overstretched? It’s not.

EUR/CHF remains rangebound and headline-driven, with 0.92 as key resistance and 0.91 as the main support zone to watch for a potential rebound.

GBP/JPY remains in a bullish trend, with 214 holding as support and a break above 216 likely opening the way for a move toward 222.

Bitcoin continues to trade sideways in an apparent accumulation phase, with 72,000 acting as key support and 77,000 as the trigger for a stronger upside move.