The (Gold) price declined in its last intraday trading, affected by the dominance of the bearish correctional trend on the short-term basis, where it moves alongside a bearish bias line that indicates the continuous selling pressure, and the emergence of the negative signals on the (RSI) increased the pressure, after reaching overbought levels, reinforcing the chances for the continuation of the decline.

This decline comes amid the trading below its EMA50, representing an extra weakness factor on the current move, and confirms the continuation of the sellers dominance on the technical scene unless the price shows strong bouncing signals or stability on significant support levels.