Monday, 1 August 2022

Gold Price to Mirror June on Failure to Push Above 50-Day SMA

The price of gold may mirror the price action from June if it fails to push above the 50-Day SMA ($1793).

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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...