Gold price (XAU/USD) comes under some selling pressure on Tuesday and maintains its offered tone below the $2,180 level through the early European. Traders opt to lighten their bullish bets amid extremely overbought conditions on the daily chart and ahead of the release of the latest US consumer inflation figuers. The crucial US CPI report will influence expectations about the Federal Reserve's (Fed) rate cut path and play a key role in determining the next leg of a directional move for the non-yielding yellow metal.
Comment:
Long Target Guys
Trade active
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20 Pips Done ✔️
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CPI Confirm
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80 Pips Done ✔️
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Hold It Guys