Analyzing Technical Signals Amidst Gold Price Volatility

In the European trading session on Tuesday, the price of gold surpassed the $2,360 threshold, marking a new high. However, a price decrease occurred as gold adjusted to $2,350 during the Asian trading session on Wednesday.

Based on technical indicators such as the Relative Strength Index (RSI) and Simple Moving Average (SMA), there are still positive signs. Looking at the chart, we still see indications of a strong upward trend being maintained. This boosts investor confidence, with anticipation for the price to surpass the $2,400.