Gold price recovers to $2,190 as momentum oscillators rebound. The 14-period Relative Strength Index (RSI) edges up after dropping to 64.00. Last week, the Gold price corrected sharply from all-time highs of $2,223 as oscillators showed extremely overbought signals.
The near-term demand for the Gold price is bullish as the 20-day Exponential Moving Average (EMA) at $2,145 is sloping higher.
On the upside, the Gold price could face resistance near the 161.8% Fibonacci extension level at $2,250. The Fibonacci tool is plotted from December 4 high at $2,144.48 to December 13 low at $1,973.13. On the downside, December 4 high at $2,144.48 will likely support the Gold price bulls
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
