Gold price (XAU/USD) is correcting back after its rally at the start of May.
The Relative Strength Index (RSI) momentum indicator moved into neutral territory during the US session on Friday after being overbought, giving a sell signal, and price responded accordingly.
Gold has reached a major support level from previous highs at $2,350, which it is attempting to pierce through. If it is successful it could continue to fall.
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