Gold price failed to maintain early gains and bounced lower, settling on a mild decline, after the current resistance of $3090 held its ground, with the price gathering positive momentum that could help it breach that resistance, while also venting off overbought saturation in the Stochastic, with negative signals emerging from it.

 

It comes amid the dominance of the main upward trend as the price trades alongside the secondary short-term trend line, with positive support due to trading above the 50-candle SMA.