In today’s TradeGATEHub Live Trading session, Coach Dale explores the potential of option sweeps as indicators of a trading low, providing traders with insights into this often-overlooked signal. He updates on the Australian Dollar’s retracement zones and delves into current market conditions for wheat and natural gas. Meanwhile, Michael provides an update on his trading activities for the day, detailing his high conviction positions supported by price, range, and volume analyses. This session is designed to give traders a comprehensive overview of diverse markets and the strategic tools needed to navigate them effectively.
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EUR/USD stays below 1.1050 as mood sours
EUR/USD struggles to stage a rebound and trades below 1.1050 on Tuesday. In the absence of high-tier macroeconomic data releases, the negative shift seen in risk mood supports the US Dollar and doesn't allow the pair to gain traction.
![GBP/USD extends decline toward 1.3050](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/GBPUSD/iStock-689067954_XtraSmall.jpg)
GBP/USD extends decline toward 1.3050
GBP/USD stays on the back foot and declines toward 1.3050 in the American session. Following a short lasting recovery attempt on UK employment data earlier in the day, the pair finds it difficult to holds its ground amid cautious market mood.
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Gold holds modest intraday gains above $2,510
Gold struggles to build on Monday's gains but manages to hold near $2,500 on Tuesday. Investors refrain from taking large positions ahead of Wednesday's highly-anticipated US inflation data for August, limiting XAU/USD's volatility.
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Five Fundamentals for the week: Jittery markets fear the ECB, US inflation and more Premium
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