🟢 Current Overview:
Gold Spot Price: $2,763.30
Monthly Change: +5.32% (+$139.50)
All-Time Highs: Testing new highs
🔎 Key Technical Analysis
1️⃣ Trend Analysis (Bullish Momentum)
✅ Gold is in a strong long-term uptrend, as seen in the steady rise since 2018.
✅ The chart shows a breakout above the 2020-2022 resistance level (~$2,100-$2,200).
✅ Higher highs and...
1. RSI Analysis:
The RSI (14) appears to have peaked recently and is now declining.
Current RSI value is in the mid-range (~40-60), suggesting neither overbought nor oversold conditions. However, the downward momentum in RSI could indicate weakening bullish strength or the beginning of bearish momentum.
Look for divergences: If the price makes a higher high,...
