The (Gold) price declined on its last intraday trading, reaching the support level at $3,950, this represents our expected target in our previous analysis, amid the continuation of the negative pressure due to its trading below its EMA50, under the dominance of the bearish corrective trend on the short-term basis, on the other hand, we notice the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, which might reduce the upcoming losses.

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