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XAUUSD News

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Last Updated Date: 23 July 2021 @ 6:29 AM (UTC)
*Please note that all the dates are in GMT time zone

Gold was down on Friday morning in Asia, recovering from the more than one-week low hit during the previous session. Retreating U.S. bond yields and weaker-than-expected U.S. economic data also helped to counter a strengthening Dollar.

The market is short term bearish with trade still suggesting a breakout under the 1794.0 weekly low. The formation alerts for washouts near 1174.0. Any corrections will likely hang below last Monday’s inside day 1817.0 high and use congestion to bear flag. A close over 1830.0 stops aggressive bear forces. 

 
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