The price of gold rose slightly during its recent intraday trading, affected by the stability of the support level at $4,380, gaining bullish momentum that helped it to stop its early losses, amid the dominance of the bullish trend on the short-term basis, with the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the chances of a near term recovery. The relative strength indicators reached oversold levels, exaggeratedly compared to the price move, to suggest forming bullish momentum with bullish overlapping signals.