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Gold Record High Price Pushes RSI Towards Overbought Zone
The price of gold climbs to a fresh record high ($2985) as it breaks out of the February range, with the recent advance in bullion pushing the Relative strength Index (RSI) towards overbought territory. Gold Record High Price Pushes RSI Towards Overbought Zone The rally in the price of gold may persist as it carves a series of higher highs and lows, and the precious metal may track the positive slope in the 50-Day SMA ($2824) as it continues to hold above the moving average. In turn, a further advance in bullion may push the RSI into overbought territory, with a move above 70 in the oscillator likely to be ... (full story)
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- Posted: Mar 13, 2025 11:34pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 220
