Gold is bearish in the short term, so a further drop is favored. The FOMC should move the price today. The weekly S1 is seen as a potential downside target. The gold price is trading in the red at $1,936 at the time of writing. It seems determined to approach new lows after the UK … Continued
The post Gold Price Slumps Below $1,950 Amid Upbeat UK CPI appeared first on Forex Crunch.
Read Full Story
Latest posts by Forex Crunch (see all)
- Gold Price Retreats as Tensions Ease Following Israel Attack - April 19, 2024
- USD/JPY Price Analysis: Yen’s Demand Soars After Israel Attack - April 19, 2024
- AUD/USD Outlook: Volatility Surges Amid Israel-Iran Tension - April 19, 2024