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XAUUSD News

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Last Updated Date: 16 June 2021 @ 6:24 AM (UTC)
*Please note that all the dates are in GMT time zone

Gold steadied near the lowest level in four weeks as investors awaited the conclusion of the Federal Reserve’s two-day meeting for clues on monetary policy.

The market is short term negative still and suggests a roll down from flagging congestion that will send selloffs to 1811.0. Sustained selloffs under 1856.0 will encourage declines to 1811.0. Any corrective congestion within yesterday’s range will keep trade aligned for selloffs.

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