Gold Price Outlook: XAU Overbought as Cycles Drive the Bullish Trend

BY admin admin

Gold prices remain perched near seven-year-highs but long-term overbought readings may hinder short-term bullish continuation.

Leave a Comment

Leave a Reply

Your email address will not be published.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

Related Posts

Forex

Middle East Conflict: US Dollar Gains Momentum

<div><img width="1000" height="667" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2021/12/shutterstock_2052962762.jpg" class="attachment-post-thumb

Forex

Gold Price Forecast: XAU/USD will trend higher as 2024 unfolds – TDS

Gold managed to end the week higher after erasing a majority of weekly gains on Friday.

Forex

Gold Jumps After Tepid US Retail Sales; What’s Next for XAU/USD After Reverse H&S Target Met?

Gold jumped after US retail sales rose less than expected in June which weighed on US Treasury yields and the greenback. How much more for gold to rise?

Copyright © 2024 | WordPress Theme: Xews Lite