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Gold price attempts to gain a positive momentum -Analysis-18-06-2025
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Gold price attempts to gain a positive momentum -Analysis-18-06-2025
Jun 17, 2025 9:07 PM

The (Gold) price settled low in its last intraday trading, moving in limited sideways range trading, to target gaining the required positive momentum to recover, taking advantage of the dynamic support that is represented in its trading above its EMA50, and under the dominance of the bullish trend on the short-term basis and its trading alongside a bias line.

Accompanied by the emergence of the positive signals on the (RSI) after reaching oversold levels previously, to notice reaching exaggerated overbought levels compared by the price move, which suggests losing the positive momentum of the price and providing more of the sideways moves on the intraday levels.

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