Monday, 14 November 2022

Gold Price Forecast: XAU/USD Nearing ‘Oversold’ Territory as Yields Gap Up

Gold’s recent bullish advance appears under threat as the RSI briefly entered ‘oversold’ territory. Contractionary policy likely to cap longer-term XAU/USD price action

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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...