“Gold Posts Strong Intraday Advance at the Start of the Year | Analysis Update | 05-01-2026”

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**“Gold advanced in its recent intraday session, supported by the prevailing short-term bullish trend, trading along the trend’s supporting line. Positive overlapping signals from the Relative Strength Index emerged after easing overbought conditions, paving the way for potential further gains in the near term.

However, the price is attempting to overcome the temporary resistance posed by the 50-period EMA, which limits the extension of the rally. This may lead to an intraday fluctuating range as the market seeks direction in upcoming sessions.”**

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