Gold Technical Analysis – Yet another all-time high ...Middle East

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Gold Technical Analysis – Yet another all-time high
Fundamental OverviewYesterday, gold managed to rally into a new all-time high despite some strong US data as Retail Sales and Jobless Claims beat expectations across the board. 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.One key event which could trigger a strong selloff in gold is the upcoming US election. In fact, a Trump victory will likely raise real yields on higher growth and less rate cuts expectations. Gold Technical Analysis – Daily TimeframeOn the daily

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