Fundamental OverviewGold erased all the gains from the US NFP report on Monday with some pointing to the news of China remaining on pause for the second consecutive month on gold purchases as the likely culprit. Overall, nothing has changed fundamentally, and the bullish bias should remain intact. As of now, it looks like gold have limited downside but lots of upside as inflation abates slowly while risks to the growth picture increase the longer the Fed keeps policy restrictive. In the short-term, strong US data might weigh a bit on the market, but in the long-term weak data is likely to trigger bigger upside moves.Gold Technical Analysis – Daily TimeframeOn the daily chart, we can see th
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