
Gold (XAUUSD) prices are slipping further this week as the market digests a high-stakes, five-day diplomatic window and President Donald Trump's administration’s decision to pause strikes on Iranian infrastructure. This tactical reprieve in the U.S.-Iran war is unwinding safe-haven premiums, pushing gold’s 14-day relative strength index (RSI) into the 20s, which signals the metal is now technically oversold.
On March 23, gold was seen trading about 24% below its monthly peak.