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Spotlight on Gold: Profit Booking or Structural Decline? 3/10/2025

After reaching a record high of $3,897, gold prices faced heavy profit-taking, retreating to $3,819 before attempting to stabilize. Technical Outlook: 50-day SMA: Price action remains supported above the moving average, preserving the broader bullish structure. RSI: Currently sending negative signals, reflecting weaker momentum and creating intraday volatility. Trend Bias: …

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