The (Gold) price declined in its last intraday trading, in corrective move that targets taking the profits of its previous rises after the strong recent rises, while the price is attempting to gain the required momentum to recover and rise again, noticing the emergence of the negative signals on the relative strength indicators after reaching overbought levels, in attempt to offload this conditions.
Despite this decline, the main bullish trend remains dominant on the short-term trading, due to the continuation of the dynamic support that comes from its trading above EMA50, and its trading alongside bullish trendline that reinforces the chances of its return to achieve new all-time highs in the upcoming sessions.
VIP Trading Signals Performance by BestTradingSignal.com (Sept 29 – Oct 3, 2025)
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Full VIP signals performance report for Sept 29 – Oct 3, 2025: