Gold Technical Analysis – There are signs of caution for the bulls ...Middle East

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Gold Technical Analysis – There are signs of caution for the bulls
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Fundamental OverviewIn recent days, gold has been making new highs despite the lack of bullish catalysts and the rise in real yields. Nonetheless, we’ve been seeing some quick selloffs at the highs in a potential sign that real yields are starting to bite, and we might be near a bigger pullback. Today, we get the Flash US PMIs and if the data is strong, we might finally see a decent correction lower. 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

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