Gold, and miners rallied yesterday, and in today’s pre-market trading, gold and silver are both up – despite a small move higher in the USD Index.
This suggests that the rally in the former is not yet over, just as the decline is in the latter. In other words, the profits on the current long positions in the mining stocks are likely to increase shortly.
GBP/USD returned to gains after a six-day decline squeezed it to a six-month low of 1.2595. The pair rebounded near an important trendline from October 2023, and indicators like the RSI and stochastic oscillator suggest the price is likely set for an upward move from oversold territory.
GBP/USD returned to gains after a six-day decline squeezed it to a six-month low of 1.2595. The pair rebounded near an important trendline from October 2023, and indicators like the RSI and stochastic oscillator suggest the price is likely set for an upward move from oversold territory.
