Sunday, 24 May 2020

Gold Price Outlook Mired Ahead of June by Negative RSI Slope

The price of gold may consolidate throughout the final week of May as the Relative Strength Index (RSI) reverses ahead of overbought territory and tracks a negative slope.

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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...