The (Gold) price rose in its last intraday trading, with a limited range of bullish trading, forming a flag pattern that is considered as a negative technical pattern, after the price affection by surpassing bullish channels range, indicating the possibility of the selling pressure continuation.

Accompanied by the continuation of the negative pressure that comes from its trading below its EMA50, besides the emergence of the negative signals on the (RSI), which formed a negative divergence, reinforcing the possibilities of the bearish waves extension.