Sunday, 10 May 2020

Gold Price Consolidation Unfazed by NFP Report, Dovish Fed Rhetoric

The price of gold may continue to consolidate following the failed attempt to test the November 2012 high ($1754) as the RSI preserves the bearish formation from April.

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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...