Gold price settled with slight decline in its recent intraday trading, amid the continuation of the negative pressure that comes from its trading below EMA50, which remains forming a strong technical barrier against the upside move, which decelerates the price and pushes the gold to decline temporarily in the recent period.

Despite this limited decline, the price is building a new support base, leaning on a monor bullish trend line on the short-term basis, reinforcing the recovery attempts, if the price remains stable above it. Besides the appearance of positive technical signals on the (RSI), especially after entering the oversold levels.

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