Gold Price Forecast: RSI Triggers Overbought Signal Ahead of FOMC

From dailyfx.com

The near-term breakout in the price of gold appears to have stalled ahead of the 2018-high ($1366), but recent developments in the Relative Strength Index (RSI) indicate the bullish momentum could gather pace ahead of the Federal Reserve interest rate decision as the oscillator pushes into overbought territory. GOLD PRICE FORECAST: RSI TRIGGERS OVERBOUGHT SIGNAL AHEAD OF FOMC Updates to the US Retail Sales report appears to have tamed gold prices, with bullion falling back from a fresh yearly-high ($1358) as the 0.5% expansion in household spendingoffers little evidence of a looming recession. Image of DailyFX ... (full story)