The (Gold) price decline in its last intraday trading, after reaching the key resistance at $3,365, which represents our target in the end of the last week trading, this decline came as a part of a natural gathering gains process after a strong bullish wave, amid the continuation of the bullish trend on the short-term basis and the trading alongside a bullish bias line.

At the same time, the price attempts to offload some of the clear overbought conditions that appear on the (RSI), providing a chance for gaining new bullish momentum, if it succeeds that will allow it to breach the mentioned resistance in its upcoming moves, supported by positive support from the EMA50 due to the trading above it.