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Gold Tests Buyers’ Strength After Strong Rally – Analysis

Gold prices moved in a volatile but slightly lower range during recent intraday trading, reflecting a natural profit-taking phase following the previous rally. The metal is attempting to rebuild bullish momentum while maintaining overall technical stability despite current selling pressure.

At the same time, gold is working to ease overbought conditions on the relative strength indicators, which began to generate negative signals. However, the technical outlook remains supported by a prior breach to a short-term bullish trendline and continued trading above the

Btc/usdt

-Risky Trade

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