GOLD: the era of $1 800
Congratulations! Gold has just opened a new era... or, rather, reopened...
Gold is rising
The yellow metal could not stay for a long time near the $1,401 level. On H4, it is trying to stick above the 50-period SMA. The first resistance will lie at $1,415. After that, pay attention to the $1,424 level. If the bullish pressure is short-lived, gold will retest the $1,401 level. In the case of the breakout, pay attention to the $1,391 level.
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The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
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The US dollar’s weakness offered a boost to emerging-market currencies and oil.
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