XAUUSD News

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Last Updated Date: 11 March 2021 @ 8:23 AM (UTC)
*Please note that all the dates are in GMT time zone

Gold was up on Thursday morning in Asia, hitting a one-week peak as investors digested further progress on a massive U.S. stimulus package and U.S. inflation data that fell below expectations.

The market remains in a correction up trend and retains potential for a climb to 1740.0. A pop over Wednesday’s high is friendly. A close over 1742.0 is needed to signal for a strong bull wave to attack beyond the last 1775.0 high. Only a close under 1680.0 (SAR) highlights a short term topping turnover.

 
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