The GBP/USD pair struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and oscillates in a narrow range around mid-1.3400s at the start of a new week. The US Dollar (USD) regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve (Fed) bets. This, in turn, is seen as a key factor acting as a headwind for spot prices.

The British Pound (GBP), on the other hand, is undermined by expectations for a delayed rate hike from the Bank of England (BoE)

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Gold Tests Buyers’ Strength After Strong Rally – Analysis

Gold prices moved in a volatile but slightly lower range during recent intraday trading, reflecting a natural profit-taking phase following the previous rally. The metal is attempting to rebuild bullish momentum while maintaining overall technical stability despite current selling pressure.

At the same time, gold is working to ease overbought conditions on the relative strength indicators, which began to generate negative signals. However, the technical outlook remains supported by a prior breach to a short-term bullish trendline and continued trading above the

Btc/usdt

-Risky Trade

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