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XAUUSD News

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Last Updated Date: 28 May 2021 @ 6:12 AM (UTC)
*Please note that all the dates are in GMT time zone

Gold was down on Friday morning in Asia as a strengthening  and rising U.S. yields pressured the yellow metal. Investors also await crucial U.S. inflation data that will be released later in the day.

The market is showing a bear downturn and potential for a selling wave to 1881.0 as well as potential to 1844.0. A drop through 1.886.0 will foster continuation selloffs today. Any congestion under Thursday’s range high will keep the market setup in a bear flag.
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