Gold prices halted today’s decline at trend support- so is a near-term bottom in? Here are the targets & invalidation levels that matter on the XAU charts this week.
The DAX and CAC are in extended states and with obstacles in the way they could soon see a round of weakness set in.
Gold prices are eyeing the response from Treasury bond yields and the US Dollar to incoming first-quarter corporate earnings reports for direction cues.
Crude oil prices jumped to a 6-month high and financial markets turned broadly defensive amid reports that the US will end Iran oil import waivers next month.
The Japanese Yen has settled into narrow range trading against the US Dollar but still looks likely to retreat further as the week plays out.