The (Gold) price continues its decline in its last intraday trading, after breaking the lines of a minor bullish channel that limited its decline on a short-term basis, as a clear signal for the weakness of the previous positive momentum.

This decline accompanied by breaking the support of its EMA50, increasing the negative pressures on the price and assisted in deepening the losses, especially with the emergence of the negative signals on the (RSI), despite reaching sharp oversold levels, which shows the dominance of sellers and the continuation of the bearish pressure on the gold price in the current period.