The (Gold) price declined in its last intraday trading, after it failed to surpass the resistance of its EMA50, accompanied by the stability of the critical resistance at $3,325 level, which formed a barrier against resuming the rise.

This decline comes within the continuation of the effect of surpassing minor bullish channels range, which returned the negative pressure on the price, besides the appearance of negative overlapping signals on the (RSI), after reaching exaggerated overbought levels compared by the price move, reinforcing the possibilities for forming a negative divergence, which might push the price to form a bearish correctional wave on the near-term basis.