Monday, 8 August 2022

Gold Price to Track 50-Day SMA on Failure to Clear August Opening Range

The price of gold may continue to track the negative slope in the 50-Day SMA ($1786) if it fails to clear the opening range for August.

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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...