The (Gold) price settled high in its last intraday trading, after recording new all-time high in its early trading, before facing slight pressure due to the emergence of the negative signals on the relative strength indicators, after reaching overbought levels.

The price is attempting to offload this condition temporarily, opening the way for regaining the bullish momentum and expanding its gains on the near-term basis, amid the continuation of the main bullish trend on the short-term basis and its trading alongside supportive trendline.

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