GOLD PRICE TALKING POINTS
The price of gold is on the cusp of testing the yearly low ($1681) as it extends the recent series of lower highs and lows from earlier this week, and a move below 30 in the Relative Strength Index (RSI) is likely to be accompanied by a further decline in bullion like the price action seen in July.
GOLD PRICE WEAKNESS PUSHES RSI TOWARDS OVERSOLD TERRITORY
The price of gold remains under pressure after failing to push back above the 50-Day SMA ($1756), with bullion largely mirroring the decline across precious metal prices amid the rise in US Treasury yields.
