Unravelling the Gold conundrum: Analysing the decline to come from $1980 to $1900
Technical Outlook The chart below shows gold currently trading at 1980.41 which came of the 78.6 Fibonacci retracement of the wave A lower.
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Technical Outlook The chart below shows gold currently trading at 1980.41 which came of the 78.6 Fibonacci retracement of the wave A lower.
The EUR/USD price pared gains on Wednesday, continuing yesterday's momentum. The pair is trading at 1.0575 versus yesterday’s high of 1.0694.
Key data to be released this week with the BoC and the ECB expected to keep rates unchanged.
The gold price retreated slightly in the short term, now at $1,924. A retracement was expected after an impulsive move to $1,947 last week.
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