Daily Pivots: (S1) 0.9911; (P) 1.0030; (R1) 1.0097; More… Intraday bias in USD/CHF stays neutral for consolidation below 1.0146. Downside of retreat should be contained above 0.9799 support. On the upside, break of 1.0146 will resume larger up trend to 1.0283 projection level. In the bigger picture, current development suggests that up trend from 0.8756 […]
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Key Highlights Gold started a fresh decline below the $4,650 support. A connecting bearish trend line is forming with resistance at $4,610 on the 4-hour chart. WTI Crude Oil regained traction and climbed above $105. Read more…
Gold resumed its near-term slide as tensions in the Strait of Hormuz escalated sharply, after Iran struck multiple vessels and set a UAE oil port ablaze. The developments triggered a fresh surge in oil prices Read more…
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