The price of (Gold) declined in its last intraday trading, in attempt to look for rising low to take it as a base that might help it to gain the required bullish momentum to recover, to break a minor bullish trend line on the intraday levels, which put it under temporary pressure, which extended its correctional losses.

On the other hand, the relative strength indicators reached exaggerated oversold levels compared by the price movement, suggesting the beginning of forming positive divergence, which represents positive signals that indicate that the price is close from its recovery, especially with its approach from the support of EMA50, to reinforce the chances of its recovery.

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