Gold price rose during its last intraday trading, supported by the stability of the solid support level at $3,950, providing temporary bullish momentum that helped it to recover some of its previous losses, with the emergence of the positive signals on the relative strength indicators that supported this slight technical improvement.
Despite this rise, the relative strength indicators reached exaggerated overbought levels compared to the price move, which indicates the weakness of the bullish momentum soon, confirming the continuation of the bearish corrective dominance on the short-term basis, especially with the price’s stability below EMA50, and its trading alongside sharp bearish trendline that suggests the continuation of the negative pressure.
VIP Trading Signals Performance by BestTradingSignal.com (13-17 Oct, 2025)
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