OANDA:XAUUSD   Gold Spot / U.S. Dollar
Deflationary pressures and fed that will be lucky to get in any more hikes and may need to reverse as they cannot raise rates into falling GDP, slowing growth and commodity prices ( Oil , Wheat , Corn the exceptions) across the board under pressure.

Oh yes, then there is the chart pattern and multiple time periods all look bullish . As real rates decline 10yr note, gold should benefit.
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