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Gold XAUUSD was rejected at the minor resistance at around 2,384. That level is the 0.382 retracement of the early May uptrend (red lines). Gold sold off down below key support at around 2,314, establishing a downtrend (lower lows and lower highs). However, the RSI is still showing positive sentiment and is required to close below the 40 threshold to switch ...
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Copper prices in London hit their lowest in seven weeks on Tuesday under pressure from a weaker yuan, which reduced the purchasing power of top metals consumer China, and rising inventories. Three-month copper on the London Metal Exchange (LME) fell 2% to $9,706 per metric ton by 1004 GMT after hitting $9,691, the lowest since April 23. “Base metals prices ...