The (Gold) price continued its decline in its last intraday trading, amid its move within bearish correctional channel’s range on a short-term basis, this decline was supported by the continuation of the negative pressure that comes from the trading below EMA50, reinforcing the weakness of the positive momentum, leading to breaking $3,325 that represents expected target in our previous forecast.
The decline accompanied by renewed negative signals on the (RSI), despite reaching oversold levels, indicating the continuation of the dominant selling power on the yellow metal’s trading, opening the way for more downside moves unless new positive signs appear.
VIP Trading Signals Performance by BestTradingSignal.com (August 11–15, 2025)
BestTradingSignal.com – Professional Trading Signals with high accuracy. Subscribe now to tailored packages for the world’s leading markets and receive signals instantly via Telegram from an expert team:
Check full VIP signals performance report for the week of August 11–15, 2025: Full Report