89% of Central Banks Expect Increase in Gold Reserves
📊 GLD — Piyasa Yorumu
▲ up · 65%The news indicates that the vast majority of central banks plan to increase their gold reserves, pointing to sustained strong institutional demand for gold. Technically, while the RSI at 67.6 is approaching overbought territory, the MACD remains above the signal line and positive, supporting short-term momentum. The price is trading well above the 20- and 50-day moving averages, indicating a solid uptrend. However, the 0.98% decline in the last 24 hours and the elevated RSI warn of potential profit-taking or consolidation in the near term. Overall, although the news flow and technical structure are bullish, cautious optimism prevails due to the overbought conditions and recent pullback.