Gold Price Forecast: XAU/USD Targets $2,740 and Beyond

Gold Price Forecast: XAU/USD Targets $2,740 and Beyond
Gold Price Forecast: XAU/USD Targets $2,740 and Beyond

Gold prices are rising towards a record high of $2,741, supported by a tepid risk tone.

The US Dollar is pulling back as Treasury bond yields stabilize and earnings season begins.

The daily RSI is just above overbought levels, suggesting potential for further upside.

Gold's price movement is heavily influenced by the US Dollar's performance, which is consolidating after a recent rally.

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