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XAGUSD News

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Last Updated Date: 28 April 2021 @ 6:33 AM (UTC)
*Please note that all the dates are in GMT time zone

Gold was down on Wednesday morning in Asia against rising U.S. Treasury yields. Investors also await the U.S. Federal Reserve's latest policy division for further clues on the direction of the central bank's monetary policy.

The MACD is showing a Down curve. The failed test up around the 26.57 resistance continues a turn back to short term bear trending action. Selloffs after the close has trade poised for a bear day and close under 25.74 implies a bear wave to 25.21. Any corrective congestion capped under 26.44 should bear flag a setup for selloff.

 

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