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Gold price is trading above the 50 and 100 and 200-day moving average and this shows that the momentum is strong
The RSI on the daily time frame has entered in over bought zone but the momentum can still support the price to move higher
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TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. Registered address: 4th Floor, 30 City Road, London EC1Y 2AY. Company number: 09042646.
TF Global Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. Registered address: Level 18, 357 Collins St, Melbourne VIC 3000 Australia. ABN: 69158361561.
TF Global Markets (South Africa) Pty Ltd is an Authorised Financial Services Provider (FSP No 49835). Registered address: 14 Pebble Beach Close, Wingate Golf Estate, Moreletapark 0042 South Africa. Registration number 2017/098181/07.
Think Capital Limited is registered in Bermuda, Company number: 51879. Registered address: Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda.
TFG (Payments) Limited is registered in the United Kingdom, Company number 10537331. Registered address: 4th Floor, 30 City Road, London EC1Y 2AY.
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