The Gold (XAU/USD) Intraday chart shows that the 14-day Relative Strength Index (RSI) has re-entered the bullish zone, easing off the overbought region, indicating that a fresh upswing remains in the offing.
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If the uptrend resumes, Gold price will need to find acceptance above the previous close of $3,107.
The next topside targets are aligned at the $3,150 psychological barrier and the record high of $3,170.
If the correction gathers strength, the Gold price could challenge the week’s low of $3,052.
Additional declines will call for a test of the 21-day Simple Moving Average (SMA) at $3,018, below which the $2,980 mark will come into play.
