The pound sterling against the dollar rebounded upwards after reaching the outskirts of 1.3160. The pair tested the resistance of the main descending channel, waiting for the resumption of the bearish trend. The bearish targets begin by breaking the mentioned level to confirm the extension of the descending wave …
Gold price ended yesterday’s trading below 1,797.00. It provided signs of a possible return to the decline. We notice that the EMA50 is trying to protect the price from incurring more losses, while the Stochastic Indicator is showing clear positive signs now.
Therefore, this conflict between technical factors makes …
News for today, Monday, December 20:
The dollar, which normally moves inversely to gold, inched up on Monday. The U.S. dollar is at its 17-month high after Federal Reserve officials signalled a first pandemic-era interest rate increase could come as early as March.
Gold futures edged down 0.18% as the …
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