Forecast update for Gold

Gold declined during its latest intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, which reinforces the stability and dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line, noticing the emergence of the negative signals from the relative strength indicators, after offloading its oversold conditions, opening the way for deepening these losses in the upcoming near period.