Gold Price Consolidation to Linger as RSI Flops Ahead of Overbought Zone

BY admin admin

The price of gold may consolidate over the remainder of the month as the Relative Strength Index (RSI) appears to have flopped ahead of overbought territory.

Leave a Comment

Leave a Reply

Your email address will not be published.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

Related Posts

Forex

Pound Sterling Price News and Forecast: GBP/USD attracts some buyers above the 1.2600 area

GBP/USD lost nearly 100 pips on Friday and closed the previous week virtually unchanged. With the positive shift seen in market sentiment not allowing

Forex

GBPUSD Daily Analysis – September 5, 2023

GBP/USD has broken below the 1.2547 support level and extended its downside move from 1.3141 to as low as 1.2527. Since the price is currently within a falling price channel on the 4-hour chart, it is

Forex

EUR/USD Eyes Recovery While USD/JPY Corrects Lower

<p>EUR/USD started a fresh decline from 1.0930. USD/JPY is correcting gains and might test the 144.90 support in the near term. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Eur

Copyright © 2024 | WordPress Theme: Xews Lite