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May, 07 - Gold fails to extend the previous day’s losses

Having bounced off four-day low, Gold prices print 0.30% gains

gold07052020on a day while taking the bids to $1,690.44 on early Thursday.

Even so, the yellow metal remains below a confluence of 10 and 21-day SMA, around $1,702/03 now.

Also likely to challenge the buyers is the falling trend line from April 14, currently near $1,725, a break of which enables buyers to aim for April month top near $1,748.

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