Spot Gold May Find Support At $1387, 1381 Levels
CommodityOnline | Aug 27, 2013 05:45AM ET
Gold closed higher on Monday. The high range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI have turned bullish signalling that sideways to higher prices are possible near term. If it extends today's rally, July's high crossing is the next upside target. Closes below last Wednesday's low crossing would confirm that a short-term top has been posted.
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