Gold price hit all-time highs at $2,236 on Thursday to finish Q1 2024 with a bang. Gold price ignored a firm US Dollar amid subdued US Treasury bond yields, arobust US economy. Gold price looks to $2,251 and US Core PCE inflation on Good Friday. Gold priceis sitting at an all-time high of $2,236, lacking a trading impetus amid holiday-thinned conditions on Good Friday.
The 14-day Relative Strength Index , lies in the overbought zone, suggesting that a pullback could be in the offing before the next rally kicks in. On the flip side, any retracement will likely find an initial cushion at the previous all-time high of $2,223, below which the $2,200 threshold could be challenged. Further south,the bullish 21-day Simple Moving Average at $2,167 could come to the rescue of buyers.
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