Stagflation risk is still lingering as indicated by the latest April US ISM Manufacturing and Services PMI data. A not fully priced-in stagflation risk scenario may support another bullish impulsive upmove sequence for Gold (XAU/USD). Watch the key medium-term pivotal zone of US$2,260/2,210 for Gold (XAU/USD). Since our last publication, Gold (XAU/USD) has inched lower […]
The post Gold Technical: A Floor May Have Been Formed for the Bulls appeared first on Action Forex.
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