This week’s forecast reviews gold, silver, oil, and major currency pairs with key support, resistance, and trend outlooks for traders.

The US Dollar saw a general easing throughout most of the week as investors remained hopeful that everything would work out okay.

The EUR/USD pair edged lower and bottomed at 1.1542 on Thursday, ending the week in the red in the 1.1570 price zone on Friday. The US Dollar (USD) surged on the back of risk aversion, triggered by political woes on both shores of the Atlantic.

The Pound Sterling (GBP) broke the previous consolidation against the US Dollar (USD) to the downside, as GBP/USD tested levels under 1.3300.

Gold (XAU/USD) continued to ignore overbought conditions this week and extended its rally to a new record-high above $4,000.

EUR/USD lost more than 0.5% on Thursday and closed the fourth-consecutive day in negative territory. Although the pair edges higher in the European session on Friday, it shows no signs of a decisive recovery yet.