Analyzes

Gold is re-attempting $4,700 early Monday, looking to fill up a $60 bearish opening gap, as markets brace for a re-escalation in the Middle East conflict.

WTI Crude Oil went into the this weekend above the 90.000 USD mark, and by now speculators should be ready in their thinking for the opening of trading tomorrow which is certain to be an adventure as the week starts.

Bitcoin holds steady despite risk concerns, while forex, indices, and commodities react to global sentiment and key macro events.

A dreadful week for the US Dollar (USD) saw the US Dollar Index (DXY) recede to the area of multi-week troughs near 98.50, an area also coincident with its critical 200-day Simple Moving Average (SMA).

The Pound Sterling (GBP) staged a stellar recovery from near four-month lows against the US Dollar (USD) and clinched two-month highs just shy of the 1.3500 threshold.

Gold (XAU/USD) posted another week of gains as headlines from the Middle East remained the main driver for the precious metal and will continue to do so in the short term.