XAUUSD News

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Last Updated Date: 25 August 2021 @ 6:24 AM (UTC)
*Please note that all the dates are in GMT time zone

Gold was down on Wednesday morning in Asia as the dollar ticked upwards and investors look to the U.S. Federal Reserve’s guidance on asset tapering and interest rate hikes.

The market is sliding back into bear trending and positioned to attack last Friday’s reversal low 1778.0. A close under 1778.0 projects a larger selling wave to 1751.0, when broken ⇒ 1721.0. Any corrections trapped inside Tuesday’s narrow congestion day will maintain bear forces.

 
 
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