Haven gold (XAUUSD) bulls rush in
Haven gold peaked again as ongoing worries of further global tensions escalated. Following a brief consolidation, a pop above the psychological level of 3300 started a new round of rallies. As sentiment remains overwhelmingly bullish, the recent record high would be the next target. The RSI’s overbought situation could temporarily drag the price lower. 3280 would be the first support, and then 3200 would be needed in case of a deeper pullback.
NZDUSD remains heightened
The New Zealand dollar spiked to a yearly high as prices did not show any signs of slowing down. Any chance of short-term profit-taking could pull the Kiwi towards 0.5860, a key support to keep the momentum going. Its breach could cause a revisit to 0.5800, where a breakout could open the door to a bearish continuation and a possible correction should the current bearish divergence on the RSI increase.
UK 100 edges higher
The FTSE continues to hit higher highs as improved unemployment and inflation data extended the rally. As the index makes its way towards 8300, growing resistance might be felt with a combination of profit-taking and renewed selling. Therefore, 8250 becomes the immediate hurdle. On the downside, a close below 8000 could begin the downward trend and move the index lower.
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