Gold declined slightly in its last intraday trading, affected by the negative pressure of its trading below EMA50, to make natural profit taking phase after the previous rises, accompanied by gold attempt to offload some of its clear overbought condition according to the relative strength indicators, especially after negative overlapping signals emergence.

Despite the current pressure, gold remains moving with minor bullish wave on the short-term basis, supported by its trading alongside bullish trend line that may help it recover its bullish momentum after ending the intraday correction.