The (Gold) price declined in its last intraday trading, affected by breaking the bullish correctional trend on a short-term basis yesterday, accompanied by surpassing the support of its EMA50, increasing the negative pressure.

This decline comes with the emergence of negative overlapping signals on the (RSI), that succeeded in offloading its previous oversold conditions, opening the way towards downside moves if the negative pressure continued, besides the clear technical break for the trend line, reinforcing the chances for targeting new support levels, especially if there werent any clear reversing signals on the near period.