Gold Technical: At Risk of a Minor Pull-back Before Potential New Upleg

<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2023/02/f-gold117.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2023/02/f-gold117.jpg 612w, https://www.actionforex.com/wp-content/uploads/2023/02/f-gold117-600×400.jpg 600w, https://www.actionforex.com/wp-content/uploads/2023/02/f-gold117-150×100.jpg 150w, https://www.actionforex.com/wp-content/uploads/2023/02/f-gold117-300×200.jpg 300w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>The recent three weeks of rally seen in spot Gold (XAU/USD) has been driven by geopolitical risk premium and positive momentum. The rise in the price actions of spot Gold has ignored the increase in the long-term opportunity cost of holding gold as the US 10-year Treasury yield rallied in tandem. Heightened stagflation risk is […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/524093-gold-technical-at-risk-of-a-minor-pull-back-before-potential-new-upleg/">Gold Technical: At Risk of a Minor Pull-back Before Potential New Upleg</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

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