Sunday, 31 May 2020

Gold Price Eyes 2012 High Again Following Break of Negative RSI Slope

The price of gold may stage another attempt to test the 2012 high ($1796) as the Relative Strength Index (RSI) breaks out of a bearish formation.

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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...