The (Gold) price settles low in its last intraday trading, after breaching the critical resistance at $3,365 temporarily, before losing the momentum and returns to decline again, affected by the appearance of negative signals on the (RSI) after reaching overbought levels.

Despite this decline, the main trend remains bullish on the short-term basis, and it remains within a minor bullish channels range, getting dynamic support from its trading above the EMA50, providing a new chance for gathering its positive strength and attempts to resume the bullish wave.

Therefore, our expectations suggest a rise in (Gold) prices in the upcoming intraday trading, especially if the price settles above $3,365, to target its next resistance at $3,435.

The expected trading range is between $3,330 support and $3,435 resistance.

Todays forecast: Bullish