XAUUSD News

(4 votes)


Last Updated Date: 6 September 2021 @ 6:42 AM (UTC)
*Please note that all the dates are in GMT time zone

Gold was down on Monday morning in Asia, but remained below a two-and-a-half-month high. A disappointing U.S. jobs report indicated that the U.S. Federal Reserve could delay its asset tapering timeline, giving the yellow metal a boost.

The market shows short term peaking action, driving initial topping selloffs to test 1803.0 retracement support. A close under 1803.0 alerts for a larger top/downturn and projects selloffs to 1773.0 - 1771.0. Trade may try to bounce off 1803.0 and consolidate declines inside Friday’s range.
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