$XAUT 9. Gold Outlook for the Morning of the 10th
Gold has been relatively weak recently, showing a typical range-bound consolidation pattern, with neither the bullish nor bearish side holding an overwhelming advantage.
Interest-rate hike expectations and elevated U.S. Treasury yields provide ammunition for the bears, while central-bank gold purchases, geopolitical risks, and support from the 100-day moving average form a defensive line for the bulls.
The market is now waiting for the upcoming CPI data to determine the direction of the next move. For now, wait for major news to break the curre