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Gold is under negative pressure - Analysis-13-08-2025
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Gold is under negative pressure - Analysis-13-08-2025
Aug 12, 2025 9:07 PM

The (Gold) declined in its last intraday trading, after its fluctuation due to the negative pressure of its stability below EMA50, besides breaking a minor bullish trend line on the short-term basis, reinforcing the selling pressure on the price.

The (RSI) showed positive signals after reaching sharp oversold levels, which provided positive momentum, and it might ease the way for recovery attempts on the near-term basis if it settles above main resistance levels.

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