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Rate cuts by several central banks around the world indicates a slower global growth and bets are high on recessions across many nations. US is also getting deep down in feuds with Iran lurks around the currency for now. Heads up its going for the shot.
Fundamentally Supported Scenario for Gold. As Risk on currencies boost, Potential uptrend is still in look. A double head pattern from 1503 to 1496 might hit before taking it back up to 1515 to 1520.
