gold

Gold price is attempting to get rid of its negative pressure

The (Gold) price continued its gains in its last intraday trading, supported by the emergence of positive signals on the (RSI), despite entering overbought levels. the price managed to surpass the resistance level at $3,315, indicating clear improvement in the bullish momentum on the intraday basis.

 

This rise is accompanied by surpassing the EMA50, despite the continuation of the trading within a bearish correctional trend on the short-term basis, and its stability alongside a bearish bias line, this contradiction between the technical signs might open the way for fluctuated trading unless confirming changing the main trend.

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