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XAUUSD News

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Last Updated Date: 26 August 2021 @ 6:35 AM (UTC)
*Please note that all the dates are in GMT time zone

Gold was down on Thursday morning in Asia, with investors cautious ahead of a U.S. Federal Reserve symposium that could provide cues to a timeline for asset tapering.

The market is short term negative and suggests a roll down from flagging congestion that will send selloffs to 1771.0. Sustained selloffs under 1775.0 will encourage declines to 1750.0, when broken 
⇒ 1717.0. Any corrective congestion within yesterday’s range will keep trade aligned for selloffs.
 

 
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