Gold price settled lower during its last intraday trading, approaching from testing the key support at $3,950, to suggest breaking it of the dominant selling pressures continues, this comes amid the dominance of the bearish corrective trend on the short-term basis, and the trading below EMA50, which limits the chances of sustainable recovery on the near-term basis.
Accompanied by the emergence of negative signals on the relative strength indicators, after forming negative divergence followed the indicators’ reaching exaggerated overbought levels compared to the price move, reinforcing extending the decline towards new support levels unless the price settles above the current levels.
VIP Trading Signals Performance by BestTradingSignal.com (13-17 Oct, 2025)
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