The Gold(XAUUSD) remains elevated
Economists are watching The Gold(XAUUSD) this week for early trading opportunities. Talks between US and Iranian officials have stalled, keeping demand for safe-haven assets strong. Fed Chair Warsh will testify on Wednesday, and traders expect more clues about interest rate cuts this year. The FOMC continues to wait for more economic data before making its next decision. This could keep gold volatile. Resistance remains at 4200, while 4000 continues to provide strong support.
GBPUSD awaiting GDP data
GBPUSD has continued to strengthen after reaching multi-month highs. The weaker US dollar has helped the pair outperform in recent sessions. US inflation data later this week could influence the next move. If the dollar weakens further, GBP/USD could rally toward 1.3500. Support remains firm at 1.3340. UK GDP data will also play a key role in determining the pound’s direction.
NAS 100 hitting another fresh high
The NAS 100 continues to climb despite recent geopolitical tensions. Investors remain focused on inflation and the Federal Reserve’s next policy decision. Lower inflation could increase expectations for multiple rate cuts this year and support further gains. The index may continue its upward trend toward 30400. Support has strengthened around 28800.
