XAUUSD News

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Last Updated Date: 18 June 2021 @ 6:20 AM (UTC)
*Please note that all the dates are in GMT time zone

Gold was up on Friday morning in Asia. However, the yellow metal is set to close the week at its lowest level since March 2020 as investors continued to digest the U.S. Federal Reserve’s surprisingly hawkish policy decision.

Overall the GOLD market is bearish, but the reversal rebounds at the end of last week hint for retracements to test 1796.0 resistance. After taht the Market shall continue its Down trend showing  1754.0 that could send selloffs to test last low at 1677.0.

 

 

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