Gold Technical Analysis - Chances of a big correction increase ...Middle East

The Israel retaliation really marked the top for Gold as the geopolitical risk faded and the market caught up with the rise in US real yields. The trend might be reversing and some key technical breaks are adding up to the chances of seeing a big correction to the downside. Looking ahead, the bears will need to see the strength in the US data continue as a quick deterioration will likely invalidate the bearish case. Gold Technical Analysis - Daily TimeframeOn the daily chart, we can see that Gold fell below a key trendline recently, and after some consolidation, continued lower led by the market's positioning into a hawkish Fed and the hot US Q1 ECI report yesterday. All else being equal, th

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Gold Technical Analysis - Chances of a big correction increase ...Middle East

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