Gold is fluctuating with a bearish track on the short-term basis

The (Gold) trading fluctuated on its last intraday levels, where it kept moving within minor bearish range on a short-term basis, indicating cautiousness and uncertainty, besides the continuation of the negative pressure due to stability below EMA50, which remains an obstacle against the price attempt to recover.

The (RSI) showed continued bearish signals, indicating the continuation of the seller’s dominance on the scene, increasing the possibility for the extension of the pressure towards new support levels unless showing strong rebound that changes the current technical image.