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XAUUSD News

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Last Updated Date: 7 July 2021 @ 5:56 AM (UTC)
*Please note that all the dates are in GMT time zone

Gold was up on Wednesday morning in Asia after hitting a three-week high during the previous session. A weakening Dollar also gave the yellow metal a boost as investors await the minutes from the US Federal Reserve's latest policy meeting. 

The recent surge higher still indicates a bull breakout / upturn, alerting for a larger advance to 1815.0, possibly to 1825.0. Near term days are showing a consolidation of gains with the pullback. A few flagging congestion days must hold 1786.0 to stay in the upturn. Close under 1771.0 (SAR for today) is short term bearish.

 

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