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XAUUSD News

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Last Updated Date: 17 May 2021 @ 5:57 AM (UTC)
*Please note that all the dates are in GMT time zone

Gold was up on Monday morning in Asia, climbing to a three-month high as inventors digested disappointing economic data from China and the U.S.

Once again the market rejects an attempt to turn the trend down into a sustained bear selloff, although the GOLD reached the 1812.0 level. The rebounding action in recent days provides a short term bullish signal and call for rallies to attack 1874.0 resistance. A close over 1874.0 shall drive the market to 1917.0. Need a close under 1825.0 (SAR) to turn the trend Down. 


 
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