Gold Price Surges Past $4,380 Support Level

The price of gold is on the rise as it continues to benefit from its stability above the $4,380 support level.

This comes amid a dominant short-term uptrend with the price moving along a minor trend line that supports this trajectory, in addition to continued positive support from trading EMA50.

The relative strength indicators send positive signals after the price eased part of its overbought conditions, helping it regain positive momentum and giving it greater room to extend its gains.