The US PPI data on Friday certainly sparked some notable moves in markets, with the standout being in the front end of the curve in Treasuries. At the same time though, that sparked a revival in gold that has seen a major technical turnaround as well:Ahead of the data, gold took out its 200-hour moving average (blue line) and key trendline resistance before holding that break in US trading. The high clipped just above $2,060 before being pulled back a little, with the 61.8 Fib retracement level of the recent swing lower at $2,059.83 keeping a lid on gains for now.But looking at the chart, it's been a solid turnaround in the technical momentum for gold. The near-term bias, as seen above, is n
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