Thursday, 20 May 2021

Gold Price Rally Pushes RSI Into Overbought Territory

The move above 70 in the Relative Strength Index (RSI) is likely to be accompanied by higher gold prices like the behavior seen in July 2020.

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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...