business π Gold Price Rallying Past Key EMAs
Gold is currently trading at $4,379, showing a strong recovery from its July lows. This upward move has broken above the 50-day EMA at $4,223 and the 100-day EMA at $4,322. The current rally is hitting resistance at $4,448, which marks the upper boundary of the retracement. RSI is in the strong bull zone at 65, indicating positive momentum. A break above $4,448 could lead to a bullish continuation towards $4,575. π