Research & Education
Gold Trapped in Consolidation Pattern
After reaching an all-time high of 2090.49 on December 4 of last year, Gold is consolidating in a symmetrical triangle pattern, looking for direction amid increasing global geopolitical tensions, the strengthening of the US Dollar, and the upcoming release of the consumer inflation figures.
Crude Oil Looking for Direction
Crude Oil futures have managed to maintain a position of $73.386 per barrel yesterday despite significant pressure that led to a decline in the black gold to 71.360, which marked a fresh low since January 18 of this year.
EURUSD Bearish Momentum Prevails
The EURUSD concluded the week on a negative note, reaching a closing rate of 1.07860 on Friday.