Gold prices ended Monday’s session up 1.21%, supported by short covering in response to geopolitical concerns.
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The EUR/USD pair tried to rally initially during the Friday session, testing the 1.17 level again.
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The S&P 500 fell initially during the trading session on Friday, reaching down towards the 2575 level, and finding support.
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The US dollar had a volatile session on Friday as the nonfarm payroll number came out less than anticipated.
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The WTI Crude Oil market initially fell during the trading session on Friday, but then shot through the $55 handle, an area that I thought would be significantly resistive.
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Gold prices settled at $1270 an ounce on Friday, suffering a loss of 0.24% on the week, as expectations of tighter monetary policy in the U.S pushed the dollar higher.
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Check out our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of November 6, 2017.
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Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of November 6, 2017.
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