Increasing appetite for risky assets, easing trade tensions and still high 10-year US treasuries yield at 4.5% are still pressuring momentum on gold (GOLD), which is losing 2.1% today. Today, Donald Trump announced that there can be news about Russia-Ukraine, however we cannot predict will the news be positive (potentially pressuring gold) or negative (potentially supporting gold). Russia and Ukraine are set for their first high-level face-to-face talks since 2022 in Turkey, this week. Markets are waiting for the results, which may affect especially oil and gold prices.
GOLD (D1, H1 intervals)
GOLD approaches EMA50 (the orange line) - historically significant support zone.
Source: xStation5
On the H1 interval, we can see gold falling to levels unseen since 14 April.
Source: xStation5
Daily Summary: US100 Hits New Highs on Weak NFP ๐จ
Oil down nearly 5% following the announcement that European diesel reserves will be released๐ก
BREAKING: US NFP data surprises to the downside; USD dips๐ฅ
๐กGold takes a breath, because of oil, not NFP