Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2340 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2340 support and resistance area. Trade safe, Joe.
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US Core PCE YOY 2.6% versus 2.5% estimate
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DXY feels bearish, should give a decent drive to gold!
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"Big Short" traders say gold is one of their top longs