Gold keeps moving slightly to the upside in its recent intraday trading, taking advantage of its stability above EMA50, keeping the dominant bullish track on a short-term basis and its trading alongside minor trend line that supports this trend. This stability supports the attempt to extend the positive move, depending on the recent bullish momentum.
On the other hand, the relative strength indicators reached clear overbought levels, exaggeratedly compared to the price move, with the beginning of forming negative overlapping signals that might increase the ability to achieve extra gains on the near term-basis, and increase the likelihoods of facing temporary corrective move unless its manages to reinforce the momentum above its current levels.