The (Gold) price couldnt keep its early gains, as it bounced back to the downside in its last intraday trading, targeting offloading the clear overbought conditions on the (RSI), especially with the emergence of the negative signals on them, gathering its positive strength, indicating the possibility for the continuation of the bullish pressure on the short-term basis.

This decline comes amid the dominance of the bullish correctional trend until this moment, supported by the trading alongside the bias line, and its continuation above its EMA50, reinforcing the chances for the recovery by the stability of the technical support levels against the upcoming moves.