#XAUUSD which have made decline on sell and retrace on buy, today CPI data release will be on a retest pattern which will impact on USD pairs to make a correction on gold and hold on USD, if the first trendline makes much effect on gold it can touch and decline above 2040.67 limit because there is a normal formation level there, according to fib retracment projection gold needs a total bearish movement below the 2013 limit if the CPI data is more powerful today.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.