Gold Price Pullback in Focus as RSI Flops Ahead of Overbought Zone

BY admin admin

The price of gold may consolidate over the coming days as the Relative Strength Index (RSI) reverses course ahead of overbought territory.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Forex

USD/CHF rises to multi-week highs following hot labour market data from the US

The USD/CHF has risen to its highest level since mid-July, towards 0.8800 and then settled near 0.8770, driven by a stronger USD. In simple terms, the

Forex

US PPI up 0.3% mom in Jul, services rose 0.5% mom, goods rose 0.1% mom

<p>US PPI for final demand rose 0.3% mom in July, above expectation of 0.2% mom. PPI services rose 0.5% mom while PPI goods edged up 0.1% mom. PPI ex-food, energy, and trade services rose 0.2% m

Forex

Sterling Rises on BoE Comments, Dollar Lost Momentum

<p>Sterling surges broadly today after BoE Governor criticized that negative interest rates have a lot of issues. Commodity currencies are currently the next strongest, reversing some of this we

Copyright © 2024 | WordPress Theme: Xews Lite