Latest wave of risk off has boosted spot gold through the earlier weekly highs of 1937.4, bringing prices well within range of key resistance at 1959.7. A break above here puts prices at the best levels since mid-April last year.
Worth flagging that the rally in gold prices is tipping the RSI toward technically overbought territory (RSI now at 69.7 vs. 70 marking overbought). This level was last tripped in mid-January and came just ahead of the correction lower for gold from ~1950 to ~1875.

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Latest wave of risk off has boosted spot gold through the earlier weekly highs of 1937.4, bringing prices well within range of key resistance at 1959.7. A break above here puts prices at the best levels since mid-April last year.
Worth flagging that the rally in gold prices is tipping the RSI toward technically overbought territory (RSI now at 69.7 vs. 70 marking overbought). This level was last tripped in mid-January and came just ahead of the correction lower for gold from ~1950 to ~1875.

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Rally in Spot Gold Tilts RSI Toward Overbought