Fundamental OverviewLast Friday, Fed Chair Powell delivered a more dovish than expected speech at the Jackson Hole Symposium as he basically kept the door open for a 50 bps cut at the September meeting. The line saying that they will do everything they can to support a strong labour market was key. That is a positive driver for the precious metal as 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 strong US data might provide pullbacks along the way. Gold Technical Analysis – Daily TimeframeOn the daily chart, we can see that gold retested the broken resistance turned support at the 2480 level and eventually ex
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