The price of gold appears to have reversed course ahead of the July low ($1758), with the RSI reflecting a textbook buy signal as it recovers from oversold territory.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/JPY-bearish contrarian trading bias.
Trader confidence has returned Tuesday after a down day Monday and may now stay strong for the rest of this month, which is often a positive one for risk sentiment.
The rally in GBP/USD looks to be resuming after the pair’s slide late last week as hopes persist that a post-Brexit trade deal between the EU and the UK can…
The cryptocurrency bull run is on pause as coins consolidate their recent sharp gains, and the path of least resistance suggests further gains are likely