XAUUSD Short/Sell Swing Trade Analysis| Huge Profit Inside

Reason for Sell

A major announcement in the market!
There's a big event coming up soon.
Wednesday, 11 September, 12:30 p.m. UTC: the U.S. Consumer Price Index (CPI) report.
On September 11th at 12:30 p.m. UTC, the U.S. Bureau of Labor Statistics will release the Consumer Price Index report. In July 2024, the US annual inflation rates dropped to 2.9% and 3.2% for headline and core inflation, respectively. The market anticipates a 0.2% increase in monthly inflation and a 2.6% annual rise. The report will influence whether the Federal Reserve cuts rates by 50 or 25 basis points in September. If the figures fall below expectations, the U.S. dollar may weaken, impacting EURUSD and XAUUSD positively. Conversely, better-than-expected figures could strengthen the U.S. dollar, pushing EURUSD and XAUUSD down.
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