Gold price clings to gains, focus is on US Inflation data

11 thg 3, 2024

Gold price struggles to extend its winning spell for the ninth trading session on Monday. The precious metal refreshes its all-time high around $2,195 and is expected to capture the round-level resistance of $2,200. On the downside, December 4 high near $2,145 and December 28 high at $2,088 will act as major support levels.

The 14-period Relative Strength Index (RSI) reaches overbought territory at 84.00, pointing to the chances of some correction ahead.