Gold (XAU/USD) continued its decline for a second day and held near the 100-day moving average (MA) support area, which was tested earlier this week. The technical bias remains negative, indicating that there is still room for short-term weakness. The main pressure comes from the strengthening US dollar, as the chances of aggressive easing from…
Silver (XAG/USD) weakened after two days of gains, trading around $38.10/oz during the European session on Friday (August 22nd). The daily chart is still forming a descending channel, indicating a bearish bias remains active, although there is room for a short-term bounce. Momentum-wise, the 14-day Relative Strength Index (RSI) is above 50, suggesting a mild…
Oil prices held steady as the market weighed the prospects for Russian crude flows to India, amid growing criticism from the Trump administration ahead of planned tariff hikes. Brent held above US$67/barrel, on track for its biggest weekly gain since early July. White House trade adviser Peter Navarro again criticized India for continuing to buy…
