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Gold Eyes Breakout Above Key Resistance Level

Published 10/20/2023, 02:41 AM
XAU/USD
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GC
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US10YT=X
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As the 10-year yield pushes to higher highs the yield curve is fast approaching 0 and positive territory, which is a strong recession signal.

That is pressuring the stock market and boosting Gold, which is also showing strength in real terms.

Gold is knocking on the door of major resistance once again. The recent break below $1900 was a false breakdown.

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