Gold Price Forecast: Breaks Above $2,930, Eyes New Record Highs
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Gold prices have surged above $2,930, positioning for a potential record high of $2,990. However, a bearish divergence in the RSI indicates caution as momentum slows.
March 12, 2025 | 8:45 pm
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AAAU, a gold-backed ETF, may see increased interest as gold prices surge above $2,930, nearing record highs. However, caution is advised due to bearish RSI divergence.
AAAU, being a gold-backed ETF, is directly influenced by gold price movements. The surge above $2,930 could attract investors, but the bearish RSI divergence suggests potential volatility, warranting caution.
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