Gold Technical Analysis – Middle East tensions in focus ...Middle East

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Gold Technical Analysis – Middle East tensions in focus
Fundamental OverviewGold has been on a steady rise since the latter part of last week alongside crude oil which suggests that the price action might have been driven more by the tensions in the Middle East. That became even more evident yesterday as we got a Fox report saying that Iran could have attacked Israel in less than 24 hours which triggered another wave of buying. Tonight we got another report saying that the attack wasn’t going to happen today which led to a pullback. On the macro side, after some tightening in real yields following the last Monday’s stock market rout, the volatility in the market normalised and real yields fell giving gold some more support. There might also be so

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