Gold saw a sharp sell-off last week due to comments made by Powell of interest hikes that may come sooner than expected. Since early June, gold is now down almost 8% in just this month. Nevertheless, price is holding some key technical levels. I still remain bullish on gold given the current environment of high inflation. The key levels to look out for are 1750 and 1675.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.