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XAUUSD News

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Last Updated Date: 4 June 2021 @ 5:04 AM (UTC)
*Please note that all the dates are in GMT time zone

Gold was down on Friday morning in Asia, hovering near two-week lows and set to record its worst week in three months. Positive U.S. employment data buoyed the dollar and bond yields, and investors remained concerned about a potential pullback of stimulus measures.

The market is short term bearish still and yesterday’s break leaves trade poised for follow through selloffs. A close under 1844.0 warns for a wash towards the 1820.0 low. Only a close over 190.7.0 stops the downturn.





 
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