Thursday, 14 October 2021

Gold Prices Rise Within Ascending Channel, is XAU/USD’s Next Leg Lower?

Gold prices seem to be pointing higher in the near term as XAU/USD rises within an Ascending Channel. Its next leg could be lower though. Eyes turn to US retail sales.

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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...