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Evening update for gold-04-05-2026
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Evening update for gold-04-05-2026
May 4, 2026 12:30 PM

Gold deepened its losses in its recent intraday trading, reaching the main support level at $4,500, which was an expected target in our previous analysis, amid the continuation of the negative pressure that comes from its trading below EMA50, with its trading alongside minor bearish trend line on the short-term basis, noticing the emergence of the negative signals from the relative strength indicators.

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