Risk appetite and companies earnings support stock indices to record highs and weigh on gold

It seems that the US dollar has already liberated from the weakness that prevailed in the last period with the market pricing from the period of the decision to cut tomorrow's rate already from 2.00% to 1.75, which will support the start of the upward journey of the greenback next period once breached 97.65 levels and then to the level 97.85 supported by RSI stability above 50 levels.
The rise in the US dollar has put pressure on commodities such as gold, which saw strong declines in the weekly opening yesterday to reach levels of $ 1494.30 an ounce, such as rising risk appetite among investors and the decline in demand for safe havens and low-yielding commodities after the risk of Brexit eased after The European Union approved the decision to extend Britain's exit by the end of January 2020. On the other hand, the British parliament yesterday refused to hold early elections, which Prime Minister Boris Johnson is seeking for a majority of the House of Commons and implement the other plan. C has.
The bearish scenario for gold remains strong, especially with the breach of the rising trend line and $ 1490 an ounce which will support the decline to 1480. As for the pound, it gave up some of the gains it made yesterday, bouncing from the upper boundary of the bearish channel and the 50-hour moving average. Which makes us expect the return of selling pressure to control the trading again as long as it settled below 1.2870 to move towards 1.2780.
Oil prices have continued to fall since rebounding from the 50% Fibonacci retracement level and resistance at $ 56.81 a barrel as the US dollar rises on the one hand. On the other hand, there are some statistics on the loss of Chinese companies and the general slowdown of the world's second largest economy and the largest demand in the whole world to increase Fears of falling demand and thus oversupply demand again. However, it should be noted that US oil may receive some support at 54.88 levels, especially as the Stochastic approaches the oversold area before it starts the downward journey again.
Turning to the main indicators, we find that it was the winning card in the last period, where the German DAX succeeded in reaching the target of the symmetrical triangle at 12985 levels, which has not reached since mid-2018, and is expected to give up some of the gains slightly before resuming its rise Again the high risk appetite. The Dow Jones reached 27170 levels and started to decline slightly from those levels. The biggest gainer was the S&P, after hitting new highs not seen since the Great Depression of 1930, reaching 3042.60.
Finally, moving to the stock updates, we find that Microsoft shares rose in yesterday's session only strongly up to 2.5% after the company announced a new deal with the US Department of Defense, which will contribute to increase profits in the coming period. The company's stock has crossed the rising wedge pattern to make the positive scenario stronger next period once it breaches 145.62 and heads towards $ 150.