Gold (XAU/USD) meets with a fresh supply at the start of a new week and weakens further below the $4,600 mark, back closer to Friday’s swing low, during the early part of the European session.
As the prospects of a peace deal between the USA and Iran fade on the reluctance of both sides to adjust red lines, energies rise, but US stocks are not deterred from hitting new highs, while the Forex market finally sees a Bank of Japan intervention to prop up the Yen.
EUR/USD trades within a narrow range as Fed and ECB policy signals diverge, with price action holding near key resistance levels.
WTI crude oil reflects geopolitical tension and shifting supply flows, with price action stabilizing above key technical levels.
Nasdaq, Bitcoin and major FX pairs reflect a volatile environment, with defined levels and mixed signals between momentum and hesitation.
Gold (XAU/USD) registered weekly losses, pressured by persistent uncertainty surrounding the Middle East conflict and hawkish guidance from major central banks.