#GOLD Price Forecast: XAU/USD pushes higher, but overbought RSI warns bulls
Gold extends its bullish move, supported by lower US Treasury yields and fading expectations of an imminent Fed rate hike.
$XAU /$USDC maintains a strong bullish technical bias above its key moving averages, although overbought conditions increase the risk of a short-term correction.
Gold bulls target the $4,773 resistance level, while the $4,530-$4,517 area provides key support in case of a pullback.
Gold extends its bullish move, supported by lower US Treasury yields and fading expectations of an imminent Fed rate hike.
$XAU /$USDC maintains a strong bullish technical bias above its key moving averages, although overbought conditions increase the risk of a short-term correction.
Gold bulls target the $4,773 resistance level, while the $4,530-$4,517 area provides key support in case of a pullback.