The consensus for PPI is to come out lower which is negative for the $, if that is the figure then we could see this play out for XAU ! On the other hand if PPI comes out high, we will see XAU shorts. Current price does look like a reaccumulation.
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Mix news with inflationary unemployment news, market is fighting however id still like to see bullishness of XAU due to PPI news coming out negative for the $.
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Again secured some profits price was moving sideways...Waiting for price to hit the lows before buys...