Technical Analysis: Gold price slips from all-time highs around $2,365
Gold price falls back from fresh lifetime highs of $2,365 after US inflation data for March turned out sticky. A mild correction is largely anticipated as momentum oscillators turned extremely overbought. The 14-period Relative Strength Index (RSI) is expected to cool down after sustaining in the bullish range of 60.00-80.00 since the beginning of April.
The near-term appeal of the precious metal remains upbeat 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
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