Gold prices increased after news of inflation data
Updated
Traders may also refrain from aggressive betting and cautiously await the release of the latest consumer inflation figures from the US. The important US CPI report will be looked at for further clues on the Fed's interest rate cut roadmap, which will boost demand for the USD and put pressure on gold prices. However, the fundamental backdrop shows that the short-term trend for XAU/USD remains upward.
Note
SELL gold 2408 - 2410TP1: 2400
TP2: 2395
SL: 2318
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