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Last Updated Date: 7 September 2021 @ 5:44 AM (UTC)
*Please note that all the dates are in GMT time zone

Gold was down on Tuesday morning in Asia but remained above the $1,800 mark. The dollar weakened and investors increased bets that the U.S. Federal Reserve will delay beginning asset tapering.

The dollar, which usually moves inversely to gold, edged down on Tuesday. On the central bank front, the European Central Bank handing down its policy decision on Thursday. The Reserve Bank of Australia will hand down its policy decision later in the day, with the Bank of Canada following a day later.

The failed test around the 1834.0 resistance is triggering a return to short term bear trending action. Selloffs after the close has the market poised for declines today and close under 1811.0 implies a bear wave to 1801.0 - 1777.0. Any corrective congestion capped under 1830.0 should bear flag a setup for selloffs. 

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