Gold price is attempting to recover some of its losses

The (Gold) price rose in its last intraday trading, to recover some of its previous losses, taking advantage of the beginning of positive overlapping signals on the (RSI) after reaching clear oversold levels, providing extra support for the attempt of offloading some of these oversold levels.

Despite this limited rise, the gold price remains under the pressure of bearish wave on the short-term basis, the continuation of its trading alongside a bias line indicates the dominance of the main bearish trend, any rise will be a temporary correction before suggesting a clearer trend in the upcoming period.