The (Gold) price rose in its last trading on an intraday basis, after yesterday's bearish wave, where it attempted to find higher low to take it as a base to rally higher again, leaning on $3,950 support that stopped its decline and provided new bullish momentum that helped it to achieve limited gains currently.

This rise was supported by the continuation of its trading above EMA50, reinforcing the stability of the main bullish trend on the short-term basis and its trading alongside supportive trendline, besides the emergence of positive overlapping signals on the relative strength indicators after reaching exaggerated oversold levels, which suggest forming positive divergence that might support the current recovery attempts.

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