Tuesday, 1 December 2020

Gold Price Rebounds Ahead of July Low to Pull RSI Out of Oversold Zone

The price of gold appears to have reversed course ahead of the July low ($1758), with the RSI reflecting a textbook buy signal as it recovers from oversold territory.

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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...