Gold price edged higher through the early European session on Tuesday and touched a fresh intraday high level of $1535 in the last hour.
The AUDUSD pair came under some renewed selling pressure on Tuesday and eroded a part of the previous session's goodish intraday up-move.
The EURGBP pair moved slightly higher in overnight trading. The pair moved from a low of 0.9027 and reached an intraday high of 0.0.9100.
Crude oil price reached a high of 59.55 yesterday. In the American and Asian session, the XBRUSD pair dropped and tested a low of 57.95.
The euro currency has slipped into the red for the trading week against the US dollar, following a heavy rejection from the 1.1160 level.
Gold retreats from 1550 after fresh trade war uncertainties scare investors. The following technical analysis is based on the Elliott wave theory.
Gold price rose sharply in the Asian session. The XAUUSD pair reached a high of 1554.23 as investors continued the rush to safe havens.
EURUSD is retreating from 1.116 after a massive surge last week. The following technical analysis is based on the Elliott wave theory.
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The British pound remains well-supported against the US dollar in early Monday trade, after a fairly bullish weekly price close on Friday.
The euro is attempting to gain bullish momentum against the US dollar, following Friday’s strong recovery above the 1.1150 resistance level.
The GBPUSD pair extended its steady decline through the early European session on Friday and momentarily slipped below the 1.2200 handle.