Affinity Trading Inc.
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TRADE ALERT
PAIR: XAU/USD
Position: BUY
Entry: 1910
Stop Loss: 1908
Tp1: 1912
TP2: 1913
TP3 swing: 1930
01/12/2022
GBP/USD has surged in recent trade and is now testing the 1.3700 level and a key downtrend.
USD is weakening after the latest CPI report and Powell’s remarks on Tuesday failed to spur fresh hawkish Fed bets.
But GBP/USD now looks quite overbought/overstretched on a few metrics, which could hamper further gains.
GBP/USD surges towards 1.3700 as dollar dives post-CPI, but now looking overbought GBP/USD upside has accelerated in recent trade as the US dollar suffers substantial post Consumer Price Inflation (CPI) data weakness, with the pair e
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