TheNews

Fresh data prints coming out of the US may curb the recent rebound in the price of gold as the Consumer Price Index (CPI) is anticipated to show sticky inflation. The daily price is located far below 200 SMA in the bearish area of the chart in the oversold market condition according to Stichastic indicator: the price is ranging within s/r levels waiting for the strong trend to be started for the bearish trend to be continuing or for the secondary bear market rally to be started.

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