Gold Analysis

Gold Analysis October 23, 2013

Gold has closed above the 100-DMA, Gold printed a higher high and higher low which indicates further upside. 50-DMA (stands at 1344) may provide minor resistance in upward way towards 1364. The RSI and MACD are supporting positive view.
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Gold Analysis

Price of gold showed positivity during last week. However we believe that longer-term player will come in once the price of gold reaches above the 1350 level. Consolidation may continue as the news relating FED will affect the trader’s behaviour.
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