Gold’s rally is set to continue, with buyers gathering momentum. The Relative Strength Index (RSI), although at overbought conditions past the 70.00 level, aims north. Usually when an asset has a strong uptrend, the 80 reading is seen as the overbought extreme. However, as price action doesn’t show signs of exhaustion, the $2,350 mark is up for grabs.
On the flip side, the first support level would be $2,300. A breach of the latter will expose $2,250, followed by the $2,200 mark
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