Market View: Monday, April 13, 2026
The US dollar strengthened due to rising oil; gold declined toward $4,640 but rebounded back to $4,700s; EURUSD failed to stay above 1.17000; Bitcoin retreated toward $70,700.
- The US dollar is moderately bullish as the US-Iran negotiations have stalled again.
- XAUUSD weakened as the market stayed in tension mode.
- EURUSD fell below 1.17000 due to rising oil prices.
- Bitcoin couldn’t defend the $73,000 resistance.
Today’s focus
| US Existing Home Sales (Mar) due at 17:00 MetaTrader time |
FX snapshot
XAUUSD
Gold tries to gain ground back after falling below $4,700.
EURUSD
The euro fell as the Middle East tensions could turn into a naval blockade.
BTC
Bitcoin stays near the crucial support key level, which determines the pair’s future direction.
| Pair | Key support | Key resistance | Bias |
| XAUUSD | 4,700 | 4,750 | Sideways trading |
| EURUSD | 1.16800 | 1.17000 | Range-bound trading |
| BTC | 70,000 | 72,000 | Bearish |
Market sentiment
The market shifted back into uncertainty and caution mode as the US-Iran talks have stalled again. Normally, both the US dollar and gold rise during risk events, but now the picture is mixed as the participants don't truly believe in a crisis, yet are not relaxed either.
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