The bias remains bearish despite temporary rebounds. A new lower low activates more declines. The US data could shake the rate today. The gold price extended its sell-off, reaching the $1,872 level. The precious metal has dropped by 1.65% from yesterday’s high of $1,903. Now, it’s trading at $1,874 at the time of writing. –Are…
The post Gold Price Facing Deeper Retracement as Dollar Demand Surges appeared first on Forex Crunch.
Read Full Story
Latest posts by Forex Crunch (see all)
- USD/JPY Price Accumulating Bullish Energy Ahead of US ISM - December 1, 2023
- EUR/USD Price Analysis: Euro Struggling After Overnight Losses - December 1, 2023
- USD/CAD Outlook: Bearish Amid Optimistic Canadian GDP - December 1, 2023