Gold rally may cool as RSI hits 84.5, pullback likely: Analyst
Gold may be entering a technically stretched phase, with analyst Rajneesh Sharma flagging a likely pullback toward $3,050 before any potential advance beyond recent highs around $3,500. According to him, gold's monthly Relative Strength Index (RSI) has reached 84.5, a level breached only five times since 2000. Weakening momentum and macro factors support a cautious near-term outlook.