Fundamental OverviewLast Friday, gold had a very positive day despite a lack of catalysts, which culminated in a breakout of a key resistance that’s been holding the precious metal in a range for a month. In the big picture, gold should remain supported as real yields fall as we head into the Fed’s easing cycle, but in the short-term a bigger pullback due to some repricing in the aggressive rate cuts expectations seemed justified. Unfortunately, that was not the case as the price faded the weakness from the strong US data and reached a new all-time high. Gold Technical Analysis – Daily TimeframeOn the daily chart, we can see that gold eventually managed to break above the key resistance zon
Hence then, the article about gold technical analysis will the breakout hold was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Gold Technical Analysis – Will the breakout hold? )