Gold Price Forecast: XAU/USD could see a pullback amid overbought conditions

“Gold price has pulled back sharply from a nine-month top of $1,929, as suggested by an overbought 14-day Relative Strength Index . The daily RSI currently stands at 75.21, well past the critical 70.00 level.”“If

bulls manage to regain control and take out the multi-month high, then a fresh upswing toward the $1,940-$1,941 supply zone could be in the offing. The next stop for XAU/USD is seen at $1,950, the psychological level.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

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