Gold Price Forecast: Bears are lurking at a critical area of bearish confluence – FXStreet

”Fed officials have increasingly been pointing to tapering starting before too long, with many hawks making the case for a formal tapering announcement in September.

Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned.

FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use.

However, a clear break of 23.6% Fibonacci retracement of June–July declines, around 1.3730, becomes necessary for the pair sellers to amplify the dominance.

Cardano price rallied over 50% last week, carrying ADA to within 10% of the all-time high of $2.51.

The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.

FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.Any opinions, news, research, analyses, prices or other information contained on this website, by FXStreet, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice.

…Read the full story