Leak from the ECB forecasts from Bloomberg boosts the euro
Some ECB policy makers have become more confident in their forecasts, according to a Bloomberg report citing people familiar.
The latest projections -- due tomorrow -- will show only slight changes to June with GDP revised higher this year on higher private consumption. With that, there is a falling chance of further stimulus this year; but that will depend on December forecasts.
As I discussed in the previous review, the Gold is still trading inside of the trading range between the price of $1,905 and $1,948 and $1,995.
Further Development
Analyzing the current trading chart of Gold, I found that Gold is still trading trading inside of the trading range and that watching for the breakout would be good idea.
1-Day relative strength performance Finviz:
Based on the graph above I found that on the top of the list we got Platinum and Crude Oil today and on the bottom Lumber and VIX
Key Levels:
Resistance: $1,950
Support levels: $1,905 and $1,860
