Gold price is looking for a rising low

The (Gold) price declined in its last intraday trading, to look for a rising low that may form a base to rise towards a recovery, taking advantage of the dynamic support that is represented by trading above EMA50, and under the dominance of bullish trend on a short-term basis by its trading alongside a bullish trend line.

At the same time, the (RSI) shows exaggerated oversold conditions compared to the price move, reinforcing the possibility for positive divergence appearance, especially with the beginning of forming bullish overlapping signals, which might support the chance for rising on the short-term basis.