XAUUSD ANALYSIS
Following the release of the CPI data on Thursday, July 11th at 7:30 AM EST, XAUUSD surged to 2,418.28. However, it failed to break the high of the Thursday bull run and subsequently rejected at 2,418.28. Currently, it is heading towards the 2,404.91 zone. Given the overall bullish sentiment of XAUUSD, I anticipate an aggressive break of this area, potentially leading to a decline towards the Friday low of 2,391.56.
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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.