The (Gold) price declined in its last intraday trading, amid its attempts to gain new bullish momentum that might support its recover and its return to rise, at the same time it is attempting to offload the clear overbought conditions on the (RSI), especially with the emergence of the negative signals from there, increasing the negative pressure on its previous trading.

 

Despite this intraday pressure, the main bullish trend remains the dominance on the technical scene, supported by the trading above the EMA50, and the trading alongside supportive minor bias line on the short-term basis reinforces the stability of the positive trend, providing flexibility for the price against the limited declines.

 

 


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