Technical Analysis: Gold price turns sideways near fresh highs around $2,360
Gold price trades inside Wednesday’s trading range as the US inflation data comes under the spotlight. The precious metal hovers near fresh lifetime highs around $2,360. The near-term demand remains intact as all short-to-long-term Exponential Moving Averages (EMAs) are sloping higher.
On the downside, March 21 high at $2,223 will be a major support area for the Gold price bulls.
The 14-period Relative Strength Index (RSI) reaches 85.00, indicating a strong bullish momentum. However, extremely overbought signals could lead to a mild correction
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