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15 May 2026

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Gold price declined during recent intraday trading, confirming a break below a minor upward trend line in the short term. This technical signal reflects rising selling pressure and weakening positive momentum that had previously supported price movements. The decline also came alongside a break below the 50-period simple moving average, increasing negative pressure on gold and strengthening the chances of further losses in the near term.

Meanwhile, relative strength indicators continue to send negative signals despite reaching heavily oversold levels, reflecting continued seller dominance over price action.
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