Gold Technical Analysis – The bullish momentum is picking up ...Middle East

Fundamental OverviewGold has been ranging near a key level as the market awaits a catalyst or key technical breakouts to find some momentum. The bullish bias remains intact though as we got some very good inflation data from the CPI and PPI last week which should support gold in the bigger picture as it will give the Fed more confidence to start cutting rates at some point in the last part of the year. The latest FOMC decision made things a bit murkier in the short term as it turned out to be a bit more hawkish than expected, although Fed Chair Powell made it clear that their forecasts can change as they remain very data dependent. As of now, it looks like gold have limited downside but lots

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