technical

USD/CAD failed to hold gains above 1.38 as resistance pushed the pair lower, with Fed bond purchases and narrowing rate differentials adding pressure.

Bitcoin remains under pressure following the Fed’s rate cut, with conflicting technical patterns adding to market indecision.

Natural gas fell over 8% on Thursday after inventory data revealed storage levels 3% above the 5-year average, sparking a steep sell-off.

Gold is consolidating just below the seven-week highs of $4,286 early Friday, eyeing a roughly 2% weekly gain.

Spot Gold extended its advance on Thursday, trading just below the December peak at $4,264.62. The XAU/USD advances for a third consecutive day on the back of a weaker US Dollar (USD), the latter weighed by the Federal Reserve (Fed) December monetary policy decision.

Gold (XAU/USD) holds firm near $4247 as markets digest the Fed’s rate cut and cautious tone. With RSI near overbought and MACD bullish, the trend remains upward.