The (Gold) price declined in its last intraday trading, after hitting the main resistance level at $3,400, which represents our potential target in our previous report. This decline came due to the stability of this resistance, attempting to gain positive momentum that might allow it to breach this level.

At the same time, gold price attempts to offload the clear overbought condition on the (RSI), especially with the beginning of negative signals, despite the continuation of the minor bullish wave on the short-term basis, indicating the strength of the dominant positive trend until now.

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