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Evening update for gold-20-05-2026
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Evening update for gold-20-05-2026
May 20, 2026 11:57 AM

Gold price recorded strong gains during its latest intraday trading, stabilizing once again above the $4,500 resistance level, supported by emerging positive signals from the relative strength indicators after forming a positive divergence, which helped the price gain bullish momentum. despite this rebound, the dominant trend remains corrective bearish, as negative dynamic pressure continues with the price trading below its EMA50, which threatens any full recovery attempts in the near term.

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