Gold (XAU/USD) started the week on the back foot but managed to reverse its direction.

Gold is drifting around its 50-day EMA as traders watch the US 10-year yield near 4.30%, with $4,600 as key support and $5,000 as the next major upside level.

GBP/JPY is pressing the key 216 level, where a breakout could trigger a stronger bullish move toward 220 as carry trade dynamics continue to favor the pound.

Natural gas remains weak despite Thursday’s small bounce, with seasonal demand staying soft and rallies toward $3.00 still viewed as selling opportunities.

EUR/USD was rejected at the 1.18 resistance zone, with rising US yields increasing the odds of a pullback toward 1.17 or the 50-day EMA.

USD/JPY continues to favor dip-buying, with 158 acting as near-term support and 160.50 remaining the critical breakout level for a much larger bullish move.