The (Gold) price declined in its last intraday trading, to gather the gains of its previous rises and attempts to gain positive momentum that might support its recovery and rise again, the price attempts to offload the clear overbought conditions on the (RSI), especially with the beginning of negative overlapping signals emergence, indicating the neediness of more calm trading before resuming the bullish track.

The price took advantage of its dynamic support that comes from its trading above its EMA50, besides its affection by its exit from a sharp bearish channel range on a short-term basis, reinforcing the expected positive scenario.

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