The (Gold) price extended its cautious gains in its last intraday trading, after reaching our target at the main support of $3,300 yesterday, this technical interaction with the support level assisted in creating a bullish momentum that pushed the price to achieve gains, accompanied by the emergence of the bullish signals on the (RSI), especially after reaching oversold levels.

This move comes amid the price attempt to offload its oversold condition and recover some of its previous losses, but it remains moving within a bearish correctional wave that dominates the overall trend on the short-term basis, and it trades alongside a bearish bias line, suggesting that the current recovery might remain limited unless it breaches strong technical resistance levels.