Gold Price Approaches 200-Day SMA for First Time Since February 2021-05-10 14:00:00 David Song, Strategist Gold Price Talking Points The price of gold extends the series of higher highs and lows from the previous week even though the 10-Year US Treasury yield retraces the decline following the US Non-Farm Payrolls (NFP) report, and looming developments in the Relative Strength Index (RSI) may indicate higher gold prices if the oscillator breaks above 70 and pushes into overbought territory. Advertisement Gold Price Approaches 200-Day SMA for First Time Since February The price of gold appears to be on track to test the 200-Day SMA ($1851) for the first time since February after establishing a double-bottom formation in March, and the precious metal may continue to recoup the losses from the start of the year as long as longer-dated US Treasury yields remain under pressure.