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XAUUSD News

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Last Updated Date: 2 August 2021 @ 6:16 AM (UTC)
*Please note that all the dates are in GMT time zone

Gold was down on Monday morning in Asia, as the Dollar hovered near a one month low. The health of the U.S. labor market is also on investors' minds as they await the country’s latest job report.

The rejected secondary rally last week and drop off into Friday reinforces the island topping turnover. A close under 1801.0 is bearish and should foster selloffs along 1794.0 and a penetration under 1794.0, open up a selling wave towards 1751.0. A close over 1833.0 stops the short term downturn. 

 
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