Gold fluctuated during recent intraday sessions, as markets remain cautious and the metal struggles to build sustainable bullish momentum amid ongoing technical pressure that continues to limit recovery attempts.

These pressures are reinforced by the emergence of a bearish divergence on relative strength indicators after reaching heavily overbought levels, along with fresh negative signals from the indicators. At the same time, gold continues to trade below EMA50 and move along a descending trend line, supporting the continuation of the main short-term bearish trend and keeping selling pressure intact.