XAUUSD (Gold - High Probability Sell Setup SOON).
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Here we can see clearly the next move for XAUUSD (Gold), we've got our EP (blue line) at 1659.97 & our TP (golden line) at 1615.22.
The medium term bias remains bearish.
Price action has continued to range within a triangle formation.
The bias is to break to the downside.
And with U.S. inflation figures out later on today are in the spotlight, with the data expected to reinforce bets that the Feds will continue to tighten policy aggressively, resulting in giving more strength to DXY to continue its Bullish moves to ATH of 114.
Keep a close eye on Gold, world number 1 precious yellow metal, happy pip hunting traders.
The medium term bias remains bearish.
Price action has continued to range within a triangle formation.
The bias is to break to the downside.
And with U.S. inflation figures out later on today are in the spotlight, with the data expected to reinforce bets that the Feds will continue to tighten policy aggressively, resulting in giving more strength to DXY to continue its Bullish moves to ATH of 114.
Keep a close eye on Gold, world number 1 precious yellow metal, happy pip hunting traders.
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