https://www.fxstreet.com/rates-charts/chart-interactive?asset=xauusd
Gold price closed Monday above the key 21-day Simple Moving Average (SMA) support, then at $2,411.
Meanwhile, the 14-day Relative Strength Index (RSI) holds above the 50 level, currently near 52.50, suggesting that the bullish potential remains intact for Gold price.
Gold buyers, however, need acceptance above the static resistance at $2,425 to resume the recovery momentum toward the previous record highs of $2,450.
Further up, the lifetime high of $2,484, reached on July 17, will be on buyers’ radar.
On the flip side, if Gold sellers seek a strong foothold below the 21-day SMA, now at $2,712, the door will open up for a retest of the key confluence support near $2,370. The rising trendline support closes in on the 50-day SMA at that level.
The next relevant downside target is the 100-day SMA at $2,342.
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