Gold - Long Pre US Inflation Data

May 12, 2021

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Gold - Long Pre US Inflation Data by KQMarkets on TradingView.com

Commentary

Gold has consolidated above support at $1820 and we expect the precious metal to continue it's upward momentum due to fears over rising inflation .

Additionally, a much lower than expected payroll number last Friday further fueled Gold prices as we await US inflation data later today for any significant price action.

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