Gold Spot / U.S. Dollar
Short

Gold ready to fall based on Wave C formation

324
The USD is higher, maybe a reaction to the US CPI data release later today (A hotter-than-expected inflation report may prompt concerns that the Fed's resolve on 'transitory' may not hold up for too long, paving the way for quicker normalisation in policy i.e. tapering in order to afford more flexibility going into next year.)

As per Elliott Wave analysis Gold -XAUUSD is still slowing down, but I'm still tracking a correction within wave C that looks like is forming.

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