TRENDING:

XAU/USD

EUR/USD

GOLD: Eyes Further Upside Pressure Towards 1,217.20 Zone

Mohammed Isah FXTechstrategy

The commodity continues to hold on to its upside pressure closing higher on Monday and opening the door for additional gain. On the downside, support comes in at the 1,200.00 level where a break will turn attention to the 1,190.00 level. Further down, a cut through here will open the door for a move lower towards the 1,180.00 level. Below here if seen could trigger further downside pressure targeting the 1,170.00 level. Conversely, resistance resides at the 1,220.00 level where a break will aim at the 1,230.00 level. A turn above there will expose the 1,240.00 level. Further out, resistance stands at the 1,250.00 level. All in all, GOLD looks to strengthen further higher.

Author

Mohammed Isah

FXTechstrategy

Mohammed Isah is a technical strategist and head of research at FXTechstrategy.com, a technical-research Web site. He has been trading and analyzing the foreign exchange market since 2010.

AUD/USD holds the bounce near 0.7050 ahead of China trade data

AUD/USD is holding the bounce from two-month lows, retesting 0.7050 in the Asian session on Tuesday. Easing tensions in the Middle East keep the US Dollar on the defensive, supporting the pair ahead of China's trade data.

USD/JPY consolidates above 160.00 amid intervention fears, Israel-Iran ceasefire

USD/JPY holds steady above 160.00 during the Asian session on Tuesday as expectations that authorities will step in again to prop up the Japanese Yen hold back bulls from placing fresh bets. Moreover, a de-escalation of tensions between Israel and Iran undermines the safe-haven US Dollar, capping the currency pair. Traders also seem hesitant and opt to wait for the release of the latest US inflation figures on Wednesday and Thursday.

Gold rebounds but not out of the woods yet

Gold holds the rebound above $4,300 early Tuesday after hitting three-month lows at $4,269. The US Dollar eases amid doubts over the Mideast truce situation, traders cash in ahead of Wednesday’s US CPI. Downside risks remain intact for Gold whilst below the 200-day SMA and amid bearish daily RSI.

Ethereum: BitMine makes largest ETH purchase in 2026 amid price decline

Ethereum treasury firm BitMine Immersion Technologies acquired 126,971 ETH last week following the top altcoin's decline toward the $1,500 region. The purchase, which represents its largest weekly ETH acquisition in 2026, has pushed the company's holdings to 5.54 million ETH.

The market dodged the Oil shock, but the rate trap is still set

Monday’s bounce was relief, not confirmation. Oil backed away from the geopolitical cliff, tech found a bid, and risk assets stabilized, but the late-day fade showed that conviction remains thin. The real threat is no longer just Middle East escalation.

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.

GOLD: Eyes Further Upside Pressure Towards 1,217.20 Zone

Editor's Picks