Gold Technical: Extension of Corrective Decline Ahead of FOMC

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<p>Lofty dovish expectations of 4 Fed funds rate cut in 2024 are at risk of being dialed back. Short-term bullish momentum has resurfaced in the US 10-year Treasury real yield. Spot Gold (XAU/USD) may continue its short-term corrective decline sequence. Watch the key short-term resistance at US$2,040 on Spot Gold (XAU/USD). Spot Gold (XAU/USD) has […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/531116-gold-technical-extension-of-corrective-decline-ahead-of-fomc/">Gold Technical: Extension of Corrective Decline Ahead of FOMC</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>