The (Gold) price extended its gains in its last intraday trading, reaching the top of the bearish correctional channel that limits its previous move on the short-term basis, attempting to breach this negative range and ease the way for a potential reverse in the trend.

Despite this rise, the negative pressures remain valid with the continuation of trading below its EMA50, besides the (RSI) reaching the overbought levels, which might expose the price to a profit-taking wave or a corrective pullback on the short-term basis.