The market is awaiting the ECB monetary policy statement
Tag - gold
Did you expect your trading day to be as bullish as today?
One of the most attractive bets on the positive outcome of the trade negotiation is selling XAU/USD.
The USD keeps weakening, while the GBP is awaiting further details concerning Brexit deal...
EUR/USD is below 1.09, the AUD is falling after the RBA meeting, and gold formed a "Head and Shoulders" pattern. Learn more!
Calm Monday with certain market movers, including the NZD and gold
XAU/USD formed a lower high at 1,535 after rising to 1,557 at the beginning of September.
Let's wait for the US indicators and don't forget the Brexit news !
The move above 1,496 and the psychological level of 1,500 will trigger a bullish scenario for XAU/USD.
How American and Canadian jobs data will affect markets
What will move markets on September 5
XAU/USD has broken above the 50% Fibo of the 2011-2015 decline at 1,480 and the previous August high at 1,535.