WTI crude edged higher in early Wednesday trading as bears took a breather following a steep two-day decline of roughly 16%. The sell-off found a temporary floor near the $64.00 area—aligned with the 61.8% Fibonacci retracement of the $55.40 to $77.88 rally and just above the top of the thick daily Ichimoku cloud. Oversold daily conditions also…

Gold dropped to a two-week low on Tuesday, as the metal continued to show only a muted safe-haven response despite escalating tensions in the Middle East. The initial uptick following U.S. involvement on Israel's side in the Israel-Iran conflict was modest, and the market remained largely unreactive to Iran’s late-Monday missile strikes on U.S.…

Gold edged lower on Monday after opening the week with a sharp $20 gap higher, driven by escalating concerns that conflict in the Middle East could spiral out of control following a U.S. strike on Iran over the weekend. The initial rally brought prices close to the key $3400 resistance zone—an area marked by psychological significance and a…

WTI crude oil retreated swiftly from a fresh six-month high of $77.88, reached after Monday’s gap-higher opening, indicating that traders remain relatively unconcerned about mounting risks of major supply disruptions. Despite the pullback, the broader market outlook remains firmly bullish. Oil prices surged by nearly 5% at Monday’s open, following…

Gold slipped below key support at \$3374 on Friday (23.6% Fibonacci retracement of the \$3120–\$3452 rally and rising trendline from the \$3120 low), pressured by a more subdued tone from the Middle East. President Trump’s decision to postpone an announcement on potential U.S. involvement in the conflict by two weeks helped ease market fears and…

Gold edged lower on Thursday after testing key support levels at \$3374 and \$3365 (23.6% Fibonacci retracement of the \$3120–\$3452 rally, trendline support, and the 10-day moving average). Near-term sentiment softened in the wake of the Fed’s policy decision and Chair Powell’s remarks. While Powell offered no surprises on the policy…

The dollar index remained steady, trading in a narrow range after three consecutive days of gains, as investors awaited the Federal Reserve’s policy announcement. Safe-haven flows supported the greenback amid renewed tensions in the Middle East, while markets looked for clearer guidance on the Fed’s next steps. The central bank is widely…

Cable rebounded from a fresh three-week low at 1.3415, which followed a sharp 1.2% drop on Tuesday triggered by weaker-than-expected UK inflation data for May. A softer U.S. dollar also supported the recovery on Wednesday, as markets turned their attention to today’s Fed decision and Thursday’s Bank of England policy announcement. Both central…