The (Gold) price rose in its last intraday trading, to settle above the stubborn and significant resistance at $3,375, as the price attempted to breach this level many times since yesterday. This positive performance comes amid the dominance of strong bullish wave on the short-term basis, supported by the trading above EMA50, which provides significant dynamic support for the bullish movement.
On the other hand, the (RSI) began showing new positive signs after offloading the overbought conditions, this technical improvement provides extra momentum, which might reinforce the chances for the continuation of the rise and targeting new resistance levels, conditioned by surpassing the current barrier with a stable close.
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