XAUUSD News

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Last Updated Date: 11 May 2021 @ 7:56 AM (UTC)
*Please note that all the dates are in GMT time zone

Gold was down on Tuesday morning in Asia on the back of a slight rebound in the U.S.’ benchmark 10 year Treasury yield and the dollar ahead of U.S. inflation data later in the week.

The GOLD market suggests a turnover, signaling for bear trending selloffs to reach under the 1845.0 swing low. A close under Friday’s 1812.0 low will help motivate selloffs. Any corrective recovery action should stay trapped in last week’s range to maintain bear trend signals. A climb over 1845.0 is near term friendly. However, a close over 1855.0 is needed to start another  turnaround.

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