Technical Analysis: Gold price prints fresh highs at $2,265
Gold price refreshes all-time highs at $2,265. The precious metal strengthened after breaking above the prior lifetime high of $2,223, printed on March 21. More upside in the Gold price is possible as it is trading in unchartered territory. All short-to-long term Exponential Moving Averages (EMAs) are sloping higher, suggesting strong near-term demand.
The 14-period Relative Strength Index (RSI) reaches 78.00, indicating strong upside momentum but already in overbought territory. Signs of divergence are absent, and an overbought signal cannot be ruled out.
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