XAUUSD News

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Last Updated Date: 26 March 2021 @ 8:40 AM (UTC)
*Please note that all the dates are in GMT time zone

Gold was down on Friday morning in Asia and was set to record its first weekly decline in three as U.S. Treasury yields rose.

The short term trend bias is down with the pattern still hinting for a drop along 1701.0, testing previous swing lows. Sustained action under 1701.0 could fuel selloffs 1767.0. Trade should find resistance against 1736.0 to maintain pressing bear forces. A close over 1742.0 is short term friendly.


 

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