Monday, 8 March 2021

Gold Price Outlook: Rising Yields Threaten Bull Flag Breakdown

Gold price action is flirting with a breakdown of its bull flag chart pattern as precious metals continue to face downward pressure due to rising real yields and a stronger US Dollar.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...