Gold price stands tall near fresh record highs after closing Thursday well beyond the symmetrical triangle target of $2,785 or the previous all-time high of $2,790.
The 14-day Relative Strength Index (RSI) is currently near 68, suggesting that there is more room to the upside before Gold price enters the overbought territory at 70.
The ongoing bounce in the US Dollar triggers a knee-jerek in Gold prices, slipping back to the $2,800 region per ounce troy following the confirmation of US tariffs on Canada, Mexico, and China.