Technical Analysis: Gold price trades below $2,400
Gold price trades sideways inside Tuesday’s trading range around $2,380. The upside in the precious metal remains limited as momentum oscillators are cooling down after turning extremely overbought. The 14-period Relative Strength Index (RSI) on the daily chart drops slightly after peaking around 85.00. however, the broader-term demand is intact as the RSI remains in the bullish range of 60.00-80.00
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