Death Cross Forming in GBP/USD

Despite a modest bounce in price on Friday and Monday morning, a bearish ‘Death Cross’ pattern is forming on the GBP/USD daily chart.

Gold Consolidates After Sharp Selloff

Selling momentum in gold slowed in early Tuesday trading, but the yellow metal remains close to the five-week low reached on Monday. A stronger U.S. dollar and robust equities market have pressured gold prices downward, now nearing the major support level of 1,276. Secretary of State Mike Pompeo said on Monday that the eight-month-long trade … Read more