Gold price declined in its last intraday trading, affected by the negative pressure due to its stability below EMA50, which reduces any serious attempt for a recovery on the previous session, and the selling pressure remains dominant.

This decline is accompanied by the emergence of the negative signals on the relative strength indicators, amid the dominance of the bearish corrective trend on the short-term basis, reinforcing the possibilities of extending the decline unless gold returns its trading above the near technical resistance levels.

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