Japanese yen edges higher following the safe-haven assets ending the day higher amid ruling uncertainty.
The Dow lost 173 points after a 3-day rally to end at 25962 on Tuesday as price failed to extend the rally above the resistance at 26215.
Gold price is currently back above the $1500 level and is now hovering around the $1506.02 support level as the momentum picks up again.
The euro currency is holding firm above the 1.1070 level against the US dollar as the pairs current yearly trading low remains intact.
The British pound has seen a strong bullish reversal against the US dollar, following the release of positive Brexit news on Tuesday.
The Gold price has stayed in a range around the 1500. The following looks at what could happen next based on the Elliott wave theory.
As expected, Gold price edged lower during yesterday’s session to reach the $1494.36 support level after losing momentum.
The British pound has continued to decline against the US dollar during the European session as the pair gives back recent trading gains.
Earlier today, Aussie moved slightly upwards to 0.6778 after the RBA released its monetary policy minutes.
The USDJPY pair came under fresh selling pressure and hit fresh session lows near 106.44 in early trades.
A bout of selling pressure is now hitting the single currency and dragging EUR/USD to fresh weekly lows in the 1.1070 region.
Gold is retreating below 1500 again after the bullish momentum dries up. The following looks at what could happen next based on the Elliott wave theory.