Gold Clears Above 1400 and Opens up the May High

4H Range: A revised-down US Q1 GDP estimate and a higher weekly jobless claims number. The US data softened the USD across the board, and it is shown in XAU/USD as gold rallied above 1400. Breakout, RSI: This rally breaks above what appears to be an ascending triangle in the 4H chart. This dragged…

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Gold Clears Above 1400 and Opens up the May High

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