XAU/USD surged on the hot US inflation data:
- US October CPI +6.2% y/y vs +5.8% expected
- Gold breaks out after hot US CPI report
- Gold runs to highest high since June. Can the buyers keep the momentum going?
A glance at the chart shows just above the $1840 level is a likely stop los placement area and may be something to watch in the session ahead.
Excuse my rough and ready tech analysis, I'm sure the ForexLive people can do better in the comments!
