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XAUUSD News

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Last Updated Date: 30 July 2021 @ 6:18 AM (UTC)
*Please note that all the dates are in GMT time zone

Gold was down on Friday morning in Asia. However, the yellow metal remained near a two-week high and is set to end the week with its biggest weekly gains since May 21 over signs that the U.S. Federal Reserve is unlikely to begin asset tapering and hike interest rates in the short term.

Overall the market is up, but Friday’s back off hurts the bull trend momentum forces. Still be ready for sideways defensive trade. A penetration under 1821.0 alerts for a harder selloff to attack 1806.0 support for a short term top, when broken ⇒ 1791.0. A close over 1833.0 high projects moves to 1863.0. 

 
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