Fundamental OverviewYesterday, gold dropped during the American session without any clear catalyst. Real yields rose following the US NFP report and that weighed on the market. After some resistance, the price eventually caught up with higher real yields dropping to a new two-weeks low. Tomorrow, we have the US CPI report and that could be a catalyst for either a rally or a selloff. If we get an upside surprise in the data, then we will likely see new lows in gold. Conversely, a very soft report might trigger another rally and take us to a new all-time high.Gold Technical Analysis – Daily TimeframeOn the daily chart, we can see that gold is getting close to the trendline. This is where we c
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