The price of gold rose cautiously on its last intraday levels, after reaching $4,200 key support, which represented a price target in our morning analysis, gaining some positive momentum that helped it to rebound quickly, especially with the emergence of positive signals from the relative strength indicators after reaching oversold levels, amid the continuation of the negative pressure due to its trading below EMA50, with the dominance of the bearish corrective trend on short-term basis, which threatens any attempt to move higher in the upcoming period.