Gold price extends upside to near $1,980.00 amid multiple tailwinds. The precious metal is on a three-day winning streak and is expected to recapture a five-month high of around $1,987.00. The ultimate resistance for the Gold price is seen at $2,000.00. The 20 and 50-day Exponential Moving Averages (EMAs) have climbed above the 200-day EMA, which indicates that the upside bias has strengthened. The Relative Strength Index (RSI) (14) climbs above
Gold extended its weekly rally and climbed to the $1,990 area for the first time in five months on Friday. XAU/USD continues to benefit from safe-haven flows as investors look to reduce risk exposure, while the downward correction in US yields provides an additional boost.
Gold extended its weekly rally and climbed to the $1,990 area for the first time in five months on Friday. XAU/USD continues to benefit from safe-haven flows as investors look to reduce risk exposure, while the downward correction in US yields provides an additional boost.
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