ECB is monitoring strengthening in the euro
This is knocking the euro a little lower on the day, with EUR/USD falling to 1.2120 currently - creeping below its 200-hour moving average. There is also a slight dollar bid across the board as we see commodity currencies ease to session lows on the day as well.
Analyzing the current trading chart of Gold, I found that sellers are in control and as I predicted the downside cycle is active with potential for the test of the support levels at $1,830 and $1,810.
Support levels: $1,830 and $1,810.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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