Fundamental OverviewGold got a boost recently on renewed tensions in the Middle East. In fact, on Tuesday, Israel struck Beirut (Lebanon) targeting the Hezbollah commander that launched a recent missile attack against Israel. Just some hours later, Israel managed to kill the top Hamas leader in Teheran (Iran).Moreover, we had the FOMC rate decision yesterday and as expected it was a dovish one. Fed Chair Powell hinted to a September rate cut and didn’t even close the door for “several” rate cuts before the end of the year. Eventually, gold got another boost late in the day as we got the news that Iran ordered a strike against Israel.Gold Technical Analysis – Daily TimeframeOn the daily chart
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