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Gold (XAU/USD) is trading above $1,970 per troy ounce, with its daily chart showing lower lows and lower highs, indicating a potential weakening of the upward trend. Meanwhile, technical indicators remain relatively flat in overbought territory. This pair continues to outpace all of its moving averages, with the 20-day Simple Moving Average (SMA) showing less...
: After registering its most significant weekly gain since January, gold has continued to climb for a second consecutive week, reaching a three-month high above $980 USD, driven by investor demand for a safe haven despite rising US interest rates. The Relative Strength Index (RSI) on the daily chart has surpassed the 70 level, indicating gold's technical...