
Gold edges lower below $4,100 as markets focus on US-Iran talks
Gold edges lower below $4,100 as markets focus on US-Iran talks
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Gold edges lower below $4,100 as markets focus on US-Iran talks

USD/CHF Price Forecast: Trendline break puts 50-day SMA in focus

EUR/JPY Price Forecast: Rebound stalls below 200-day SMA

Improving risk sentiment helped lift the Australian dollar after easing Middle East tensions and stronger US economic data. While AUD/USD, AUD/JPY and AUD/NZD all advanced, each cross is approaching important technical levels that could determine whether the rally extends or fades.

Gold is showing early signs of renewed strength as it holds above the 20-day moving average, with $4,166 and $4,203 defining key resistance.

It's truly a conundrum for the Bank of Japan. On one hand, they'd probably prefer it if the Japanese Yen didn't weaken dramatically against global currencies, like the US Dollar.

USD/TRY has been on a persistent and unbroken upward climb yearly since 2013, with consistently bullish monthly candles since June 2024. As of the time of writing, the pair is trading around $47.55.

British Pound: Range trade with upside risk against US Dollar – Scotiabank

Gold shines and rises on Iran's deal hopes, lower US yields

Over the last few sessions, the USD/CAD has seen a slight appreciation of nearly 0.3% in favor of the US dollar. However, beyond this mild bias, the broader chart picture reflects a prolonged consolidation.

USD/JPY Price Forecast: 200-day SMA caps rebound after intervention-led selloff

EUR/USD Price Forecast: Needs to take out 1.1600 decisively for fresh upside

NZD/USD Price Forecast: Holds steady near 0.5870 as bullish bias remains

TL;DR: GBP/CAD looks ready to resume its uptrend after rebounding from the 55-day EMA, but a sustained breakout depends on two separate forces — Friday's volatile Canadian jobs report and whether oil's renewed strength above $86 continues to support the Canadian Dollar.

Silver price today: Silver rises, according to FXStreet data