Gold is showing little movement as investors are waiting for the final ECB meeting with Mario Draghi, which anyway seems likely not to give many further information. In this scenario EURUSD is stable and a similar scenario is seen on bullion, where the first key level remains $1,500. The movement seen in the last few weeks, with prices playing a slow dance just below $1,500, could be a consolidation phase after the impressive rally seen in the first part of the year.
Chief analyst at ActivTrades and technical analyst for Italian newspaper 'La Stampa'. Carlo Alberto provides regular commentary for UK outlets including the BBC, Telegraph, the Independent Bloomberg & Reuters. He is also a weekly commentator for CNBC Italy and a columnist for La Stampa. He worked for Bloomberg as their Equity Research Fundamental Analyst before joining brokerage ActivTrades in 2011 to specialize in currency markets and commodities. In 2014 he published a 250-pages book on gold and the gold market, followed in 2018 by a new updated edition.
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© 2019 High Leverage FX - All Rights Reserved.