Technical Analysis: Gold price trades above $2,300
Gold price turns sideways above the round-level support of $2,300 ahead of crucial US data. The 20-day Exponential Moving Average (EMA) at $2,314 provides support to the precious metal, suggesting that the near-term upside remains intact.
On the downside, a three-week low near $2,265 and March 21 high at $2,223 will be major support zones for the Gold price.
The 14-period Relative Strength Index (RSI) falls below 60.00, suggesting that a bullish momentum is weakening. However, the upside bias is intact until the RSI sustains above 40.00
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