Tuesday, 2 October 2018

Gold Price Outlook: Building a Short-Term Base Despite US Dollar Strength

Gold is pulling back from its recent $1,180/oz. low and is pressing against resistance at $1,195/oz. A break and close above could open $1,215/oz. in the short-term.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...