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XAUUSD News

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Last Updated Date: 23 April 2021 @ 6:25 AM (UTC)
*Please note that all the dates are in GMT time zone

Gold was up on Friday morning in Asia and was set to record a third consecutive weekly gain, as the dollar weakened and U.S. Treasury yields fell.

Thursday’s break alerts for an initial turnover to short term peaking action. The near term trade is down and should continue selling pressures to attack 1775.0 - 1761.0 support. A close under 1761.0 confirms a short term top, opening up potential selloffs to 1731.0. The market will need to climb back to a close over 1797.0 (Double top) to rekindle bull trend forces.

 
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