Monday, 3 May 2021

Gold Price Forecast: Gold Threatens Break, Bulls Nearing Control

Gold prices have spent almost nine months in a bearish channel. But taking a step back shows that channel as part of a bull flag formation, and buyers are making a push for fresh highs.

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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...