XAUUSD News

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Last Updated Date: 13 May 2021 @ 9:03 AM (UTC)
*Please note that all the dates are in GMT time zone

Gold was down on Thursday morning in Asia over higher than expected US consumer prices for April, increasing concerns about higher inflation.

Overall the GOLD market is bearish and yesterday’s break puts trade back into a bear stance, positioned for declines to test under 1800.0. A close under 1799.0 warns for a wash towards the 1781.0 low. Any congestion trapped to the lower half of yesterday’s range will remain aligned for selloffs.

 
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