The precious metal has gained more than 8% since Hamas attacked Israel. While the war will continue to drive haven flows toward Gold, further price gains also hinge on the Fed’s rate cycle nearing an end. This will result in retreating US yields, reducing the opportunity cost of Gold.(Source: FX Street)
From Technical Aspect, XAUUSD is forming Wave C of (2),...
![XAUUSD: [UPDATE] XAUUSD TRIANGLE](https://s3.tradingview.com/q/QHMsAj0Z_mid.png "[UPDATE] XAUUSD TRIANGLE")
