Gold Technical Analysis – Can’t get out of this range ...Middle East

Fundamental OverviewYesterday, we got the US CPI report and, although as expected it didn’t have the same impact as it used to, the core m/m figure surprised to the upside. The shelter component re-accelerated and that’s something to keep an eye on given the imminent rate cut cycle as we might get a reacceleration in the economic activity.The data didn’t give the gold bulls a strong reason to break out of the range and therefore, we will likely keep on bouncing around until the FOMC decision next week unless the US Jobless Claims today spike above the 260K level. Gold Technical Analysis – Daily TimeframeOn the daily chart, we can see that gold remains stuck in the range between the 2480 sup

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