Fundamental Forecast for Gold:Neutral
- Gold Bounces from Long Term Downtrend Support Line
- Gold Prices Likely to Fall Further
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Gold prices snapped a six-week losing streak on Friday with the precious metal rallying 2.55% to trade at 1084 ahead of the New York close. The advance comes on the back of strong US employment data with a breakdown in the greenback also helping supporting the beaten down metal.