ECB Base Rate pushing the price
As I said this week there would be a slow downtrend and yesterday I said that it will come near 1240 before going up through the ECB Base Rate changes.
We have a resistance Break of 1250 and next target would be 1269.
Unemployment Rate and Nonfarm Payrolls have expectations for pushing the gold price higher.
If you follow the US economic values after last Nonfarm Payrolls then you can see a disappointing developement. For example the ADP Nonfarm Employment Change.
We have a resistance Break of 1250 and next target would be 1269.
Unemployment Rate and Nonfarm Payrolls have expectations for pushing the gold price higher.
If you follow the US economic values after last Nonfarm Payrolls then you can see a disappointing developement. For example the ADP Nonfarm Employment Change.
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