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Evening update for gold-12-08-2026
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Evening update for gold-12-08-2026
Aug 12, 2026 10:47 AM

Gold declined in the last intraday trading, attempting to gain bullish momentum that might help it to recover and rise again, amid the dominance of the bullish trend on the short-term basis, with the continuation of the positive support that comes from its trading above EMA50, noticing the beginning of a negative crossover on the relative strength indicators, after reaching overbought levels, which might decelerate the chances of a temporary recovery in the near upcoming period.

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