Wednesday, 24 April 2019

Gold Price Outlook Mired by Head-and-Shoulders Formation

The price for gold bounces back from a fresh yearly-low ($1266), but there appears to be a broader shift in market behavior as a head-and-shoulders formation unfolds.


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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...