Gold breaks minor bullish trend line

The (Gold) settled in its last intraday trading, after breaking a minor bullish trend line on the short-term basis, reinforcing the selling pressures, amid the continuation of its trading below EMA50, that formed a barrier against any recovery attempt in the previous period, confirming the weakness of the dominance positive momentum.

The negative signals keep emerging on the (RSI), despite reaching oversold levels, indicating the continuation of the seller’s dominance on the technical scene, and increasing the possibilities for targeting lower support levels if they fail to bounce soon.