Spot gold was lower and RHB Retail Research said Comex futures might resume a bullish path on a successful breach above their 20-day simple moving average.
Still, with the RSI and the stochastic oscillator tilting south after peaking in the overbought zone, questions arise about ...
Gold hits a fresh all-time high above 3,000. Market looks overbought as key resistance looms near 3,035. Bullish trend intact as Elliott Wave 3 gains momentum.
While AEM is well-placed on a strong pipeline of growth projects, solid financial health and surging gold prices, its high costs warrant caution.
Declining earnings estimates, partly due to the concerns over elevated costs, cast a shadow over NEM's prospects.