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XAUUSD News

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Last Updated Date: 13 July 2021 @ 6:22 AM (UTC)
*Please note that all the dates are in GMT time zone

Gold was up on Tuesday morning in Asia, steadying from the one-week low hit during the previous session. The Dollar weakened ahead of U.S. inflation data that could indicate when asset tapering by the U.S. Federal Reserve is likely to begin.

The GOLD market remains in a bull trend, but caught in a corrective pullback. Closes under 1796.0 and 1791.0 are needed to reverse back to lower levels. If trade continues to stabilize over 1811.0 - 1818.0, then suspect a secondary rally. Thursday’s push higher may already have started secondary rallies. A close over 1818.0 will renew bull trending to 1825.0.

 
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