Gold Technical Analysis – Higher real yields weigh on the market ...Middle East

Fundamental OverviewGold lost some momentum recently following better than expected US data. Real yields rose and started to put some pressure on gold. This week we have the US CPI report on Thursday, and we might see some hedging into a potentially higher than expected Core measure given the commentary in the latest US PMIs. Gold Technical Analysis – Daily TimeframeOn the daily chart, we can see that gold got stuck in a consolidation around the all-time highs following better than expected US data. From a risk management perspective, the buyers will have a better risk to reward setup around the trendline. The sellers, on the other hand, will want to see the price breaking below the trendlin

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