Gold Technical Analysis – New all-time high ahead? ...Middle East

Fundamental OverviewGold got a boost from the benign US CPI report on Wednesday where the data came in line with expectations. The market firmed up the rate cuts expectations with September and December now fully priced in. The Treasury yields and the US Dollar weakened as a result supporting gold prices. In the bigger picture, nothing has changed, so the path of least resistance should remain to the upside for now.Gold Technical Analysis – Daily TimeframeOn the daily chart, we can see that gold is slowly climbing back to the all-time high as the US data calmed the fears around inflation and rate hikes. From a risk management perspective, the buyers will certainly have a much better risk to

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Gold Technical Analysis – New all-time high ahead? ...Middle East

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