Gold prices (XAU/USD) are riding the wave of a recent breakout, scaling towards the $2,400 mark, a potential new all-time high, during early European trading on Friday.
Technically speaking, the strong positive momentum continues unabated, despite the Relative Strength Index (RSI) being extremely overbought on the daily chart. However, bulls might consider taking some profits near the $2,400 level as the weekend approaches, exercising caution before gearing up for any further price increases.
Technically speaking, the strong positive momentum continues unabated, despite the Relative Strength Index (RSI) being extremely overbought on the daily chart. However, bulls might consider taking some profits near the $2,400 level as the weekend approaches, exercising caution before gearing up for any further price increases.
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