Thursday, 23 June 2022

Gold Price Outlook Mired by Failure to Test 50-Day SMA

Lack of momentum to test the 50-Day SMA ($1864) may undermine the recent rebound in the price of gold as the moving average reflects 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...