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XAUUSD Price action suggests traders are anticipating the US CPI

OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD Price action suggests traders are anticipating the US CPI Data announcement.

Gold (XAUUSD) is trading sideways between the 100 day moving average and the 25 Day moving average. Though the instrument has been under pressure, it has held above the $1833 key support level. Should this support level fail, $1801 will be the next level. The sentiment has been bearish.

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