Gold Technical Analysis – Green light for new all- time highs? ...Middle East

Fundamental OverviewLast week, gold pulled back into a key trendline as the price caught up with the rise in real yields following the hot US NFP report. The higher-than-expected US CPI and PPI reports weren’t enough for the market to price out more rate cuts giving gold the green light to restart its uptrend.In fact, in the bigger picture, gold remains in a bullish trend as real yields will likely continue to fall amid the Fed’s easing cycle. The pullbacks will likely be triggered by a repricing in rate cuts but unless the Fed’s reaction function changes, the uptrend should remain intact.Gold Technical Analysis – Daily TimeframeOn the daily chart, we can see that gold bounced near the key t

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