The (Gold) price declined in its last intraday trading, affected by the stability of the critical resistance level at $3,380, accompanied by reaching the resistance of its EMA50, reinforcing the strength of this area as a double technical barrier that limited the price ability to resume the rise, and pushed it to surrender to clear selling pressure.

This decline became with the emergence of the negative signals on the (RSI), which indicates losing the bullish momentum gradually, and the price is affected by breaking main bullish trend line on the short-term basis, and its move within a bearish correctional channel, which increases the possibilities of its continuation to decline on the intraday basis, unless it regained the positivity.