Last Updated Date: 10 June 2021 @ 8:11 AM (UTC) *Please note that all the dates are in GMT time zone
Gold was down on Thursday morning in Asia against a firmer dollar, as investors await U.S. data to get further signals on the inflation level and economic recovery from the COVID-19 pandemic.
The market is short term bearish and showing potential for selloffs to 1855.0. Trade is positioned to propel selloffs to 1811.0. Any near term corrective rebounds should hang in the 1900.0 levels to maintain bear trend forces.