The (Gold) price continued recording new levels in its last trading on the intraday levels, reaching the resistance at $3,755, which represents the suggested target in our previous analysis, amid the dominance of the main bullish trend on the short-term basis and its trading alongside supportive trendline for this track.

The continuation of the positive pressure reinforces this scenario, which is caused by its stability above EMA50, besides the emergence of the positive signals on the relative strength indicators, however it still in the overbought levels, which might confine our gains temporarily and opens the way for correctional rebounds.

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