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Gold Technical Analysis: Forms a strong base near 200-hour SMA

FXStreet - Gold edged higher in reaction to dismal US NFP print, albeit lacked any strong follow-through buying and remained well within the previous session's trading range.
The precious metal has been oscillating in a narrow band over the past 24-hours or so and trying to form a strong base near 200-hour SMA, around the $1550 region.

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