In today’s market review for February 9th, we analyze a news-packed week with an unusual schedule: US labor market data is expected on Wednesday, followed by GDP and Inflation reports later in the week.
We discuss the Gold (XAU/USD) chart, where a strong bullish Pin Bar has formed on the weekly timeframe, suggesting a continuation of the uptrend and a breakout of last week's highs. Conversely, EUR/USD and GBP/USD have formed bearish Pin Bars, signaling potential selling opportunities on pullbacks (50% retracement).
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