Technical Analysis: Gold price jumps to $2,360

Gold price moves higher to $2,360, remaining in unchartered territory for almost a month. The rally in the precious metal persists despite momentum oscillators reaching extremely overbought levels. On the downside, March 21 high at $2,223 will be a major support area for the Gold price bulls.

The 14-period Relative Strength Index (RSI) reaches 85.00, indicating a strong bullish momentum. However, signs of RSI remains extremely overbought could lead to a correction.