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XAUUSD- Gold is Losing its Bull

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Hi,

I found a cup and handle formation on 1H Chart. The breakout shows that the Gold is losing it momentum.

I am still bullish on USD due to a good job report and Biden Stimulus. As we are expecting the CPI report, the bull might start the move earlier.

Happy Trading!
Ordem cancelada
The CPI report cancelled the movement.
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