The price of gold declined at the end of last week’s trading from its 7-week high at about $1785 to trade at $1775, where it settled at the beginning of this week’s trading.
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The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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Friday's trading session saw upward correction attempts by the GBP/USD pair as it rose from the 1.3715 support level to the 1.3840 resistance, where it closed the week's trading.
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The USD/JPY pair had a bearish start to the week as it fell towards the 108.61 support before closing trading around 108.80.
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The EUR/USD had a bullish weekly closing around the 1.1980 resistance level last week, after attempts to rebound to the upside pushed the pair towards the 1.1995 resistance level.
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The gold markets rallied a bit during the trading session on Friday as we reached towards the $1780 level.
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The Australian dollar pulled back a bit during the trading session on Friday as the 0.7750 level continues to offer resistance.
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Bitcoin markets fell a bit during the trading session on Friday to reach down towards the $60,000 level.
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The FTSE 100 rallied a bit during the course of the trading session on Friday to reach towards the all-important 7000 level, but pulled back to show signs of exhaustion.
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The NASDAQ 100 rallied slightly during the trading session on Thursday in what was relatively quiet trading.
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The S&P 500 rallied a bit during the trading session on Friday as traders continue to buy stocks hand over fist.
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The US dollar initially tried to rally during the trading session on Friday but gave back the gains to reach towards 1.25 handle.
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The West Texas Intermediate Crude Oil market went higher initially during the trading session, but then gave back the gains to form a shooting star.
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The euro fluctuated during the course of the trading session on Friday, as we continue to see the 1.20 level as a major barrier.
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The British pound initially pulled back during the trading session on Friday to reach down below the 1.3750 level, only to turn around and show signs of strength again.
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The EUR/USD price is tilting lower after it rose by more than 1% last week.
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