The (Gold) price soared high in its last intraday trading, reaching our last expected target at $3,850, rallied sharply supported by the buying momentum, under the dominance of the main bullish trend on the short-term basis, and its trading alongside supportive bias for this track.

The dynamic support that comes from the stability of the price above its EMA50 continues, reinforcing the chances for resuming the rise, with the continuation of the positive signals from the relative strength indicators, despite its stability in the overbought levels.

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