The pair shows again the probability of a local downward turn due to the continued consolidation dominance period in the market, which may cause a decline.
Technical side:
The price is located below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is above the 50% …
Friday, January 22nd, today’s news—European markets retreat after a strong week, ECB holds interest rates steady, possible new COVID restrictions weigh, new economic data in focus. American markets also fall after S&P 500 hits new highs, bitcoin falls below $30,000 in a cryptocurrency sell-off, dollar continues to weaken, oil falls …
Futures contracts for gold prices fluctuated in a declining range during the Asian session, to witness their rebound for the second consecutive session from the highest since January 8th amid the positive stability of the US dollar index according to the inverse relationship between them on the cusp of developments …
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