XAUUSD News

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Last Updated Date: 29 April 2021 @ 6:05 AM (UTC)
*Please note that all the dates are in GMT time zone

Gold was up on Thursday morning in Asia on the back of the U.S. Federal Reserve maintaining its easy monetary policy as it handed down its latest policy decision. A weakening dollar provided further support to the safe-haven yellow metal.

Yesterday’s break signals a short term downturn, opening up potential selloffs to 1747.0. Trade is poised for follow through selloffs today. Any corrective congestion will likely hang in narrow congestion under 1792.0 and bear flag. A close over 1797.0 is needed to reverse out of the downturn.


 
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