Gold recovers to 1355 after Monday's dip but has now dropped to 1340. Ahead of the FOMC, the following looks at the most likely scenarios.
The Euro falls sharply yesterday after ECB President Draghi said that further interest rate cuts remain part of the central bank’s tools.
After climbing towards the $1353.40 resistance level during yesterday’s session, Gold price directly retreated to settle below $1344 level.
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