Dale J Pinkert
Independent Analyst
In the latest TradeGATEHub Live Trading session, a key sell zone for EURUSD around 1.1050 was highlighted ahead of the European Central Bank's (ECB) announcement. Dale provided detailed resistance levels across the major currency pairs, anticipating potential failing rallies. Additionally, Coach offered his analysis of the XAU/XAG ratio, discussing what it could indicate for the future of the precious metals market.
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GBP/USD retreats to 1.3050 area as markets turn cautious
GBP/USD trades modestly lower on the day near 1.3050, struggling to build on Friday's modest gains. Sustained US Dollar strength, due to looming geopolitical risks worldwide and China's economic concerns, doesn't allow the pair to gain traction.
Gold struggles to extend recovery, holds above $2,650
After gaining more than 1% on Friday, Gold finds it difficult to preserve its bullish momentum on Monday. Although escalating geopolitical tensions help XAU/USD limit its losses, the broad-based USD strength continues to cap the upside.
Five Fundamentals for the week: Explosive Middle East, ECB decision and US Retail Sales stand out Premium
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