GOLD Price Analysis – Nov 19, 2024
Daily Price Outlook
Gold prices rose for a second consecutive session on Tuesday, reaching a one-week high as the U.S. dollar retreated from its recent rally. The dollar's pullback, driven by profit-taking after reaching a one-year high last week, made gold more affordable for international buyers.
Ole Hansen, head of commodity strategy at Saxo Bank, noted, "The selling has run out of steam, and that's attracting cautious buyers waiting for stability to re-enter the market."
Gold, often seen as a hedge in times of currency weakness, benefited from this shift as traders speculated on potential interest rate cuts.
Fed Rate Policy and Key Data in Focus
Market participants are closely monitoring Federal Reserve officials' comments this week for clues on monetary policy. Currently, traders see a 58.9% probability of a 25-basis-point rate cut in December, compared to a 41.1% chance of rates staying steady. Interest rate reductions generally favor gold, which thrives in low-rate environments due to its non-yielding nature.
U.S. economic releases, including Building Permits (forecast at 1.44M, previous 1.43M) and Housing Starts (forecast at 1.34M, previous 1.35M), may also influence investor sentiment as they shed light on economic resilience.
Geopolitical Tensions Add to Bullish Case
Rising geopolitical risks further supported gold. Russia's largest airstrike on Ukraine in nearly three months heightened safe-haven demand for the metal. Historically, gold performs well during periods of geopolitical uncertainty, offering a haven for investors seeking stability.
Meanwhile, palladium struggled with a bearish outlook. UBS analysts pointed out, "Palladium is projected to be oversupplied due to declining demand from the autocatalyst sector," further shifting investor focus toward gold.
GOLD (XAU/USD) – Technical Analysis
Gold (XAU/USD) is trading at $2,620.82, up 0.34%, supported by strong bullish sentiment on the 4-hour chart. The metal remains below the pivot point at $2,627.63, which serves as a key decision level.
A break above this pivot could drive prices toward immediate resistance at $2,654.35, with further targets at $2,678.91 and $2,707.57, indicating the potential for a sustained rally.
On the downside, immediate support lies at $2,591.93, with additional levels at $2,561.74 and $2,537.16 offering key protection zones for bulls. The 50-day EMA at $2,583.72 reinforces upward momentum, aligning with the broader bullish trend.
However, the RSI at 67 signals the approach of overbought territory, which could trigger a pullback if resistance near the pivot holds.
For traders, maintaining a cautious approach is advisable. A failure to clear $2,627.63 may prompt selling pressure, with prices likely testing $2,591.93 in the short term.
Conversely, a confirmed breakout above $2,627.63 could pave the way for a challenge of the $2,654.35 level. Setting tight stop losses and monitoring volume near key levels will be critical to managing risk effectively.
Related News
- AUD/USD Price Analysis – Nov 19, 2024
GOLD Price Analysis – Nov 18, 2024
Daily Price Outlook
Gold prices gained on Monday, recovering from six consecutive sessions of losses, as the U.S. dollar held steady after last week’s sharp rally. The dollar index, which surged 1.6% last week to touch a one-year high, remained flat on Monday, providing some relief for bullion.
Dollar Softens, Supporting Gold Demand
A softer dollar typically bolsters gold by making it less expensive for foreign buyers holding other currencies. "The recent correction in gold prices is closely tied to dollar strength," noted Ross Norman, an independent market analyst. "While we may not have found a solid physical floor yet, opportunistic buying has started to support the market."
The dollar’s performance remains a key variable as investors await further signals from the Federal Reserve. This week, at least seven Fed officials are scheduled to speak, potentially offering more clarity on the central bank's interest rate trajectory.
Fed Signals and Interest Rate Impact
Recent U.S. economic data, including stronger-than-expected retail sales and sticky inflation, have tempered expectations for a December rate cut. Elevated interest rates diminish gold’s appeal, as the metal offers no yield.
"As we approach year-end, we can expect volatility in gold prices driven by profit-taking and portfolio adjustments, regardless of the Fed's actions," Norman added.
Michael Langford, chief investment officer at Scorpion Minerals, noted that near-term risks for gold are tied to further dollar strength. "While the strengthening USD is negative for gold in the short term, the long-term impact of inflationary policies will eventually support higher prices," Langford explained.
GOLD (XAU/USD) – Technical Analysis
Gold (XAU/USD) is trading at $2,583.78, up 0.80% on the day, as it hovers just above key support levels. The metal's immediate pivot point sits at $2,597.39, a critical level that traders will watch closely as it determines near-term direction.
A break above this pivot could signal a move toward immediate resistance at $2,618.54, with additional bullish targets at $2,644.07. On the downside, immediate support lies at $2,580.92, while further declines could expose gold to $2,537.16 and $2,516.86.
The 50-day Exponential Moving Average (EMA) at $2,581.13 offers a strong short-term support zone, aligning closely with current price action. Gold’s Relative Strength Index (RSI) is at 54, indicating a neutral stance with neither overbought nor oversold conditions. This balanced momentum highlights the potential for volatility, as any breach of key levels could trigger significant price movement.
On the 4-hour chart, the price action is consolidating between the pivot point and $2,580.92, forming a narrow trading range. The broader trend remains cautious, as gold’s upside potential faces resistance from higher Treasury yields and a firm U.S. dollar.
However, if gold successfully breaks above $2,597.39, bullish momentum may accelerate, potentially reaching $2,618.54.
Traders considering a buy-limit order at $2,580 could aim for a take-profit target of $2,616, with a stop-loss set at $2,550 to manage risk. Gold's trajectory remains tethered to macroeconomic factors, with U.S. economic data and Federal Reserve signals likely to provide further clarity on price direction.
Related News
- EUR/USD Price Analysis – Nov 18, 2024
GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Pivot Point at $2,597.39: A critical level for determining short-term price momentum.
- 50 EMA at $2,581.13: Offers strong support but sits just below current prices.
- Resistance at $2,618.54: Breakout above this level could trigger bullish acceleration.
Gold (XAU/USD) is trading at $2,583.78, up 0.80% on the day, as it hovers just above key support levels. The metal's immediate pivot point sits at $2,597.39, a critical level that traders will watch closely as it determines near-term direction.
A break above this pivot could signal a move toward immediate resistance at $2,618.54, with additional bullish targets at $2,644.07. On the downside, immediate support lies at $2,580.92, while further declines could expose gold to $2,537.16 and $2,516.86.
The 50-day Exponential Moving Average (EMA) at $2,581.13 offers a strong short-term support zone, aligning closely with current price action. Gold’s Relative Strength Index (RSI) is at 54, indicating a neutral stance with neither overbought nor oversold conditions. This balanced momentum highlights the potential for volatility, as any breach of key levels could trigger significant price movement.
On the 4-hour chart, the price action is consolidating between the pivot point and $2,580.92, forming a narrow trading range. The broader trend remains cautious, as gold’s upside potential faces resistance from higher Treasury yields and a firm U.S. dollar.
However, if gold successfully breaks above $2,597.39, bullish momentum may accelerate, potentially reaching $2,618.54.
Traders considering a buy-limit order at $2,580 could aim for a take-profit target of $2,616, with a stop-loss set at $2,550 to manage risk. Gold's trajectory remains tethered to macroeconomic factors, with U.S. economic data and Federal Reserve signals likely to provide further clarity on price direction.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Buy Limit 2580
Take Profit – 2616
Stop Loss – 2550
Risk to Reward – 1: 1.2
Profit & Loss Per Standard Lot = +$3600/ -$3000
Profit & Loss Per Mini Lot = +$360/ -$300
GOLD Price Analysis – Nov 15, 2024
Daily Price Outlook
Gold prices (XAU/USD) managed to recover some ground but slipped back to around $2,555 by early European session on Friday. This bearish bias was mainly due to the strength of the US Dollar and growing uncertainty about how quickly the Federal Reserve might cut interest rates.
At the same time, expectations that inflation could rise next year—partly because of Donald Trump’s policies—have made rate cuts less likely, which has put additional pressure on gold prices.
On the geopolitical front, the long-lasting tussle in the Middle East and the ongoing Russia-Ukraine conflict could help limit gold’s losses, as investors tend to turn to it as a safe-haven asset. Looking ahead, all eyes will be on the US Retail Sales data for October, set to be released later today, along with the NY Empire State Manufacturing Index and Industrial Production numbers.
China's Economic Measures and Their Impact on Gold Market
On the other hand, China’s recent economic measures didn’t meet investor expectations, putting pressure on the gold market. The country announced a huge 10 trillion Yuan debt package to support local governments and stimulate economic growth.
However, the package lacked direct stimulus measures, which left investors hoping for more aggressive support feeling disappointed and weighed on market sentiment.
Despite this, China’s retail sales rose by 4.8% year-over-year in October, beating the expected 3.8% and last month’s 3.2% increase. This jump in consumer spending points to improving domestic demand, which could be positive for gold, as it may indicate stronger consumer confidence and higher gold consumption.
Stronger US Dollar and Persistent Inflation Concerns Could Put Pressure on Gold Prices
On the US front, the US Dollar has been gaining strength, although it recently pulled back from its yearly high of 107.06. This drop is due to a slowdown in 'Trump trades,' with the US Dollar Index (DXY) now around 106.80. Meanwhile, the US Producer Price Index (PPI) rose 2.4% in October compared to last year, beating expectations.
In the meantime, the Core PPI, excluding food and energy, climbed 3.1%, also surpassing forecasts. These numbers indicate that inflation pressures are still lingering, which could weigh on gold prices, as higher inflation often leads to higher interest rates, making gold less attractive.
Fed officials are also signaling that interest rate cuts will not be happening anytime soon. Federal Reserve Bank of St. Louis President, Alberto Musalem, noted that inflation challenges are making it difficult for the Fed to lower rates further. Meanwhile, Fed President Jeffrey Schmid warned that expectations for a return to near-zero rates are unrealistic.
Therefore, the stronger US Dollar and persistent inflation pressures, along with the Fed’s stance on rate cuts, could keep gold prices under pressure as higher inflation often leads to higher interest rates, making gold less attractive as an investment.
GOLD (XAU/USD) – Technical Analysis
Gold (XAU/USD) is trading around $2,561.97, down 0.11%, as it lingers below its pivot point of $2,572.70, suggesting that bearish sentiment continues to dominate. The Relative Strength Index (RSI) sits at 41, well below the neutral 50 mark, indicating weak momentum.
Immediate support lies at $2,537.16, with deeper support at $2,516.86 and $2,497.83 if sellers increase pressure. Conversely, gold faces immediate resistance at $2,595.94, aligning closely with the 50-day EMA of $2,594.24, reinforcing this level as a significant hurdle.
A break above $2,572.70 could give bulls some breathing room, possibly driving prices towards $2,595.94, but sustained upward momentum would require clearing additional resistance at $2,618.54. In the current scenario, failure to regain ground above the pivot suggests a downward bias, with a potential target near $2,537 if selling continues.
The bearish trend may remain intact as long as gold trades below the pivot, with sellers likely to enter aggressively around the $2,572 mark.
Given the overall setup, the outlook for gold remains cautious, with the primary entry strategy focused on selling below $2,572. Key levels and the RSI confirm the bearish inclination, making this a critical juncture for price movement.
Related News
- S&P500 (SPX) Price Analysis – Nov 15, 2024
S&P500 (SPX) Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- SPX shows a bearish bias below the pivot point of 5987.18, with the RSI at 48 indicating weak momentum.
- Immediate support rests at 5924.15, with the 50-day EMA at 5883.23 as a critical level to watch for further downside.
- Resistance at 6017.29 could challenge any reversal, keeping the short-term outlook cautious and risk-focused.
The SPX index is trading at 5949.16, down 0.61%, and currently below the pivot point of 5987.18, indicating a slight bearish tone in the market. With the RSI at 48, the momentum is mildly bearish, as the indicator remains below the neutral 50 mark, yet close enough to suggest potential for a rebound if buying pressure emerges.
Immediate resistance sits at 6017.29, followed by 6056.54 and a more distant level at 6103.34. Breaking above the pivot point and first resistance would be essential for reversing the current bearish sentiment.
On the downside, immediate support lies at 5924.15, and a breach here could open the path toward the next support levels at 5877.15 and 5838.15. Notably, the 50-day EMA is positioned at 5883.23, aligning with the lower support level, which may serve as a key point for traders to monitor.
If the index remains below the pivot and fails to surpass the 50-day EMA, bearish sentiment could dominate, pushing the SPX toward deeper support.
The recommended entry strategy suggests selling below 5988, targeting a take-profit level of 5928, capitalizing on anticipated downside momentum.
However, a stop-loss at 6033 is advised to mitigate risk should the index break above the pivot, potentially reversing the trend. The overall outlook remains cautiously bearish unless SPX can decisively reclaim the pivot and break above resistance.
S&P 500 - Trade Ideas
Entry Price – Sell Below 5988
Take Profit – 5928
Stop Loss – 6033
Risk to Reward – 1: 1.12
Profit & Loss Per Standard Lot = +$600/ -$450
Profit & Loss Per Mini Lot = +$60/ -$45
GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Gold remains bearish below $2,572.70, with RSI at 41, indicating weak momentum.
- Immediate resistance at $2,595.94 aligns with the 50-day EMA, reinforcing a challenging barrier for bulls.
- Support at $2,537.16 could be tested if selling pressure persists, with a target of $2,516.86 if the bearish trend intensifies.
Gold (XAU/USD) is trading around $2,561.97, down 0.11%, as it lingers below its pivot point of $2,572.70, suggesting that bearish sentiment continues to dominate. The Relative Strength Index (RSI) sits at 41, well below the neutral 50 mark, indicating weak momentum.
Immediate support lies at $2,537.16, with deeper support at $2,516.86 and $2,497.83 if sellers increase pressure. Conversely, gold faces immediate resistance at $2,595.94, aligning closely with the 50-day EMA of $2,594.24, reinforcing this level as a significant hurdle.
A break above $2,572.70 could give bulls some breathing room, possibly driving prices towards $2,595.94, but sustained upward momentum would require clearing additional resistance at $2,618.54. In the current scenario, failure to regain ground above the pivot suggests a downward bias, with a potential target near $2,537 if selling continues.
The bearish trend may remain intact as long as gold trades below the pivot, with sellers likely to enter aggressively around the $2,572 mark.
Given the overall setup, the outlook for gold remains cautious, with the primary entry strategy focused on selling below $2,572. Key levels and the RSI confirm the bearish inclination, making this a critical juncture for price movement.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Sell Below 2572
Take Profit – 2537
Stop Loss – 2595
Risk to Reward – 1: 1.5
Profit & Loss Per Standard Lot = +$3500/ -$2300
Profit & Loss Per Mini Lot = +$350/ -$230
GOLD Price Analysis – Nov 14, 2024
Daily Price Outlook
Gold prices (XAU/USD) lost its upward upward momentum and remain under pressure around $2,555 level. However, this drop is largely due to the bullish US dollar, which has been strengthening as investors anticipate that US President-elect Donald Trump’s growth-focused policies could drive inflation higher, prompting the Federal Reserve to pause its rate cuts.
This outlook has pushed up US Treasury yields, making the dollar even stronger.As a result, the dollar is now at its highest level since November 2023, putting extra pressure on gold prices.
Looking ahead, traders are keeping an eye on the US Producer Price Index (PPI) for any short-term opportunities. However, the main focus remains on Fed Chair Jerome Powell’s upcoming speech later in the US session, as it could offer more hints about the Fed’s next moves on policy.
US Dollar Strengthens Amid Inflation Concerns and Rate Cut Expectations
On the US front, the broad-based US dollar has been gaining bullish traction and remained strong, hovering around 106.60. This rise is mainly due to optimism about "Trump trades" and the latest US Consumer Price Index (CPI) data for October.
On the data front, the US Bureau of Labor Statistics reported that the headline CPI rose by 0.2% in October, with a 2.6% increase over the past year. The core CPI, which excludes food and energy, increased by 0.3% and 3.3% year-on-year.
These numbers confirmed expectations that the Federal Reserve may cut interest rates again in December, especially with signs of a softening labor market. As a result, the likelihood of a 25-basis-point rate cut in December has jumped to over 80%.
Fed officials are also weighing in on the situation. Dallas Fed President Lorie Logan said the central bank has made progress on inflation but needs to be cautious. Other leaders, like St. Louis Fed President Alberto Musalem, are worried about rising inflation, which makes it harder for the Fed to cut rates.
Additionally, Trump’s proposed tax cuts and tariffs could push inflation higher, limiting future rate cuts. This optimism keeps bond yields high and continues to support the US dollar.
Therefore, the strengthening US dollar, fueled by expectations of rate cuts and inflation concerns, puts downward pressure on gold prices.
GOLD (XAU/USD) – Technical Analysis
Gold (XAU/USD) has seen a slight downturn, currently trading at $2606.52, reflecting a 0.31% decline for the day. The metal has recently faced selling pressure amid a stronger U.S. dollar and rising yields, positioning it at a critical juncture as it tests immediate support levels.
The immediate pivot point sits at $2612.16, a level that has held some significance in recent sessions. If gold breaks below this pivot, bearish momentum may accelerate. The immediate resistance level is seen at $2633.12, followed by stronger resistance at $2648.86 and $2672.91.
Conversely, support is located just below at $2591.91, with further downside levels at $2572.59 and a more substantial base at $2553.50. These levels could provide critical turning points, especially if the precious metal encounters further selling pressure.
Gold’s Relative Strength Index (RSI) is currently at 45, indicating a neutral to slightly bearish sentiment in the market. The 50-day Exponential Moving Average (EMA) is positioned at $2621.11, slightly above the current price. This suggests a bearish bias, as the metal is trading below this average, often an indicator of downward momentum.
For traders, a potential sell entry below the $2612 pivot could target lower levels around $2582, aligning with the technical support zones. However, caution is advised, with a stop-loss placed at $2632 to manage risk against any unexpected upside.
Related News
- AUD/USD Price Analysis – Nov 14, 2024
GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Bearish Bias: Trading below the 50 EMA ($2621.11) signals potential downside.
- Key Resistance Level: Immediate resistance lies at $2633.12.
- Sell Trigger Point: Potential sell entry below $2612, with a target at $2582.
Gold (XAU/USD) has seen a slight downturn, currently trading at $2606.52, reflecting a 0.31% decline for the day. The metal has recently faced selling pressure amid a stronger U.S. dollar and rising yields, positioning it at a critical juncture as it tests immediate support levels.
The immediate pivot point sits at $2612.16, a level that has held some significance in recent sessions. If gold breaks below this pivot, bearish momentum may accelerate. The immediate resistance level is seen at $2633.12, followed by stronger resistance at $2648.86 and $2672.91.
Conversely, support is located just below at $2591.91, with further downside levels at $2572.59 and a more substantial base at $2553.50. These levels could provide critical turning points, especially if the precious metal encounters further selling pressure.
Gold’s Relative Strength Index (RSI) is currently at 45, indicating a neutral to slightly bearish sentiment in the market. The 50-day Exponential Moving Average (EMA) is positioned at $2621.11, slightly above the current price. This suggests a bearish bias, as the metal is trading below this average, often an indicator of downward momentum.
For traders, a potential sell entry below the $2612 pivot could target lower levels around $2582, aligning with the technical support zones. However, caution is advised, with a stop-loss placed at $2632 to manage risk against any unexpected upside.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Buy Above 2550
Take Profit – 2574
Stop Loss – 2537
Risk to Reward – 1: 1.8
Profit & Loss Per Standard Lot = +$2400/ -$1300
Profit & Loss Per Mini Lot = +$240/ -$130
GOLD Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Bearish Bias: Trading below the 50 EMA ($2621.11) signals potential downside.
- Key Resistance Level: Immediate resistance lies at $2633.12.
- Sell Trigger Point: Potential sell entry below $2612, with a target at $2582.
Gold (XAU/USD) has seen a slight downturn, currently trading at $2606.52, reflecting a 0.31% decline for the day. The metal has recently faced selling pressure amid a stronger U.S. dollar and rising yields, positioning it at a critical juncture as it tests immediate support levels.
The immediate pivot point sits at $2612.16, a level that has held some significance in recent sessions. If gold breaks below this pivot, bearish momentum may accelerate. The immediate resistance level is seen at $2633.12, followed by stronger resistance at $2648.86 and $2672.91.
Conversely, support is located just below at $2591.91, with further downside levels at $2572.59 and a more substantial base at $2553.50. These levels could provide critical turning points, especially if the precious metal encounters further selling pressure.
Gold’s Relative Strength Index (RSI) is currently at 45, indicating a neutral to slightly bearish sentiment in the market. The 50-day Exponential Moving Average (EMA) is positioned at $2621.11, slightly above the current price. This suggests a bearish bias, as the metal is trading below this average, often an indicator of downward momentum.
For traders, a potential sell entry below the $2612 pivot could target lower levels around $2582, aligning with the technical support zones. However, caution is advised, with a stop-loss placed at $2632 to manage risk against any unexpected upside.
GOLD (XAU/USD) - Trade Ideas
Entry Price – Sell Below 2612
Take Profit – 2582
Stop Loss – 2632
Risk to Reward – 1: 1.4
Profit & Loss Per Standard Lot = +$3000/ -$2000
Profit & Loss Per Mini Lot = +$300/ -$200
GOLD Price Analysis – Nov 13, 2024
Daily Price Outlook
Gold prices (XAU/USD) extended their upward momentum on Wednesday, holding steady around $2,613. This rise coincided with a dip in the US dollar, which eased from recent highs. The dollar's softness likely provided support for gold as traders adjusted their positions ahead of the upcoming US Consumer Price Index (CPI) data.
Another factor that has been boosting gold is the uncertainty surrounding President-elect Donald Trump’s potential tariffs, which, along with global economic concerns, drive demand for gold as a safe haven.
US Inflation and Policy Uncertainty Drive Gold Prices as Investors Eye CPI Data
On the US front, the broad-based US dollar lost some of its traction and edged lower as the market awaits the release of the US Consumer Price Index (CPI) data for October at 13:30 GMT. Investors are looking closely at the inflation figures to get clues about the Federal Reserve’s next moves.
However, the CPI is expected to show that overall inflation increased to 2.6% year-on-year, up from 2.4% in September. Meanwhile, Core inflation, which excludes food and energy prices, is forecast to remain steady at 3.3%.
On a monthly basis, both the headline and core inflation are expected to rise by 0.2% and 0.3%, respectively. This data will be crucial for traders, as it could impact expectations for interest rate changes by the Federal Reserve in its December meeting.
Inflation data has gained more attention recently, especially with concerns that US inflation could rise again. There is also speculation that President-elect Donald Trump may raise import tariffs by 10% and cut corporate taxes, which could affect inflation.
In the meantime, the comments from former Fed official Loretta Mester also added to the uncertainty, suggesting that there may be fewer rate cuts in 2025, partly due to potential tariff hikes. With all these factors in play, investors are closely monitoring the CPI release, as it could influence the direction of gold prices in the coming weeks.
Therefore, if US inflation rises as expected, it could signal a more cautious approach from the Federal Reserve, limiting interest rate cuts. This uncertainty may drive investors towards gold as a safe haven, supporting its price in the coming weeks.
GOLD (XAU/USD) – Technical Analysis
Gold (XAU/USD) has seen a slight downturn, currently trading at $2606.52, reflecting a 0.31% decline for the day. The metal has recently faced selling pressure amid a stronger U.S. dollar and rising yields, positioning it at a critical juncture as it tests immediate support levels.
The immediate pivot point sits at $2612.16, a level that has held some significance in recent sessions. If gold breaks below this pivot, bearish momentum may accelerate. The immediate resistance level is seen at $2633.12, followed by stronger resistance at $2648.86 and $2672.91.
Conversely, support is located just below at $2591.91, with further downside levels at $2572.59 and a more substantial base at $2553.50. These levels could provide critical turning points, especially if the precious metal encounters further selling pressure.
Gold’s Relative Strength Index (RSI) is currently at 45, indicating a neutral to slightly bearish sentiment in the market. The 50-day Exponential Moving Average (EMA) is positioned at $2621.11, slightly above the current price. This suggests a bearish bias, as the metal is trading below this average, often an indicator of downward momentum.
For traders, a potential sell entry below the $2612 pivot could target lower levels around $2582, aligning with the technical support zones. However, caution is advised, with a stop-loss placed at $2632 to manage risk against any unexpected upside.
Related News
- GBP/USD Price Analysis – Nov 13, 2024