Rising Channel: Gold has been rallying since 1251 in a rising channel seen in the 1H chart. It is stalling after hitting 1350 during the 10/24 session. It has failed to rally at the pace that would bring it to the channel resistance and instead drifted lower to break the rising channel support during the 10/25 session. US data: As we get into the US session, the 8:30AM ET Durable Goods Orders release had a positive headline number for September: 3.7% vs. the 1.7% forecast and 0.2% previous readings. However the core reading was down: -0.1% vs. the 0.6% forecast, and the previous reading was revised down to -0.4% from ... (full story)