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Gold remains under pressure as capital seeks real return.
The shorter-term chart is at support. This may provide a platform for long positions.
Oil momentum turns positive on the Saudi energy minister's comments.
Gold has charted an ascending wedge on its hourly time frame.
Gold's hourly chart shows signs of bullishness but momentum needs to pick up.
XAU/USD runs its fourth consecutive profitable week, but the technical landscape gets tougher, while investors brace for another inflation update from the United States
The Organization of the Petroleum Exporting Countries (OPEC) and its allies decided to continue increasing their production next month, but only by 100,000 barrels per day
Gold is inversely related to real rates in the current market environment. This connection may suggest that the recent gold appreciation is a rally in a broader downtrend.
Sentiment is on the defensive on Sino-US jitters, while markets gear up for Wednesday’s meeting by OPEC+ in regards to production levels
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