Spot gold fell to 10-week low on Thursday registering a firm break of psychological $1900 level and a marginal close below important technical support at $1890 (Fibo 61.8% of $1780/$2070 / lows of Mar 29 and Apr 25) on Wednesday that added to negative signals. The yellow metal lost traction after recovery failed at $2000 […]
The post XAU/USD Outlook: Bears Crack Pivotal Supports at $1900 Zone as Dollar Rises Further appeared first on Action Forex.
Investor sentiment in Germany and the wider Eurozone improved sharply in May, with ZEW Economic Sentiment Index for Germany jumping from -14.0 to 25.2, well above the expected 9.8. Eurozone sentiment followed suit, rising from Read more…
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