Gold Technical: Is the bull run over after its worst daily decline in 2 years?
An uptrending Gold/Copper ratio supports further potential upside in Gold (XAU/USD) with key medium-term support at US$2,260/2,210
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An uptrending Gold/Copper ratio supports further potential upside in Gold (XAU/USD) with key medium-term support at US$2,260/2,210
Spot Gold (XAU/USD) is undergoing a multi-week bullish movement supported by a further potential slide in 10-year US Treasury real yield
Spot Gold have found support again at the key 200-day moving average as traders await for US CPI and ECB monetary policy decision
In the longer-term, global stagflation risk and technical analysis factors may still support a bullish case scenario for gold.
Gold (XAU/USD) major uptrend uptrend remains intact supported by a downward movement of the 10-year US Treasury real yield