XAUUSD News

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Last Updated Date: 26 April 2021 @ 6:20 AM (UTC)
*Please note that all the dates are in GMT time zone

Gold was up on Monday morning in Asia as the Dollar weakened and investors await the U.S. Federal Reserve policy decision due to be handed down later in the week.

The market is fighting for a bottoming turn off previous swing low support levels around 1776.0. Friday’s bounce off 1770.0 gives positive signals. A close over 1783.0 will boost retracements near 1797.0. A close under 1783.0 negates the bullish action. A close under 1760.0 is needed to start secondary declines towards 1728.0.

 
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