The price of (Gold) witnessed fluctuated moves in its last intraday trading, facing selling pressure after breaking the bullish correctional trend line on a short-term basis, which caused the decline below the support of its EMA50, and that increased the intraday decline.

Gold bounced higher to shrink some of its losses, taking advantage of the positive signals that began on the (RSI), after reaching oversold levels, despite this rise the price remains stable below its strong resistance, which increases the chances of the return of the intraday decline.