Gold Technical Analysis – The Fed might be forced to pause earlier than expected ...Middle East

Fundamental OverviewGold eventually dropped by almost a hundred dollars following Trump’s victory and the red sweep as the market scaled back some more the expected rate cuts in 2025.In fact, right now the market sees basically just two rate cuts in 2025 compared to the Fed’s projections of four. 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 expectations 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 broke below the major trendline

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