XAUUSD News

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Last Updated Date: 14 May 2021 @ 6:37 AM (UTC)
*Please note that all the dates are in GMT time zone

Gold was down on Friday morning in Asia as U.S. Treasury yield fell. Investors also digested a record low number of jobless claims and a higher-than-expected PPI.

The GOLD market still retains a short term bear trend bias. However, minor recovery action has lifted the market against key 1843.0 resistance. A close over 1843.0 is needed to secure a short term reversing / bottoming turn, likely sparking a climb to 1875.0.  A close under 1.811.0 is bearish.
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