Gold's slide, oil's climb, and a wave of stablecoin rules

Welcome to Venor News, Weekend Edition. I'm Gracy Skai.

Gold fell sharply this week, and the charts say it is stretched.

Crude oil climbed this week as fears of Iran hostilities grew.

Washington pushed stablecoin rules forward, and the industry took notice.

Gold fell 4.1 percent this week. US crude oil jumped 4.4 percent, and XRP gained 3.5 percent. A heavy week for gold, a strong one for energy, and a steady drumbeat of regulation for crypto.

Our number of the week: 6.0 percent. That's how far Polkadot rose this week.

US crude oil jumped this week. Reuters reported oil markets were on edge going into the weekend on predictions of fresh US strikes on Iran. The Financial Times reported fears of a flare-up in Iran hostilities. Reuters also reported a Saudi-led coalition intercepted Houthi missiles aimed at Saudi cities. The Wall Street Journal reported more oil is now leaving the Persian Gulf than before the Iran war. Traders will watch headlines from the region, and how crude reacts when it reopens on Sunday.

Gold fell this week, and the slide left momentum stretched. Separately, Yahoo Finance reported central banks are quietly stockpiling gold far above their usual pace. Mining.com reported China is leading the buying spree. On our barometer, gold reads bearish leaning at Friday's close, with four-hour momentum stretched to the downside. Traders will watch how gold trades when the market reopens on Sunday.

Next week's economic calendar is on our website.

Finally, the barometer at Friday's close, going into the new week: euro-dollar is clearly bearish, pound-dollar is clearly bearish, and US crude oil is clearly bullish. For short-term sentiment, watch Market Pulse on our website once markets reopen. And our Session's Briefing returns before Sunday's open, on our Telegram channel, Venor Analysis. Scan the code on your screen to join.

That's all from Venor News. Goodbye, and happy trading.