Thursday, 1 September 2022

Gold Price Weakness Pushes RSI Towards Oversold Territory

A move below 30 in the Relative Strength Index (RSI) is likely to be accompanied by a further decline in the price of gold like the price action seen in July.

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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...