Gold Price Struggles to Find Higher Low Amid Continued Bullish Trend

The gold price is currently trading lower in its intraday sessions as it searches for a higher low to serve as a base for recovery and potential rise. Despite trading above the EMA50, which maintains its dominance and stability in the main short-term bullish trend, the price has been unable to gain significant momentum.

However, positive signals have emerged from the relative strength indicators after reaching deeply oversold levels, reflecting an improvement in momentum and supporting the likelihood of a price recovery and resumption of gains in the near term.