March 10, 2014

GOLD USD chart

GOLD has been in uptrend from USD 1240 levels. Of late, the rally is stalling and this is accompanied by negative divergence on RSI.

Important levels to watch are USD 1320 - 1360. If GOLD closes below 1320, it  will mean exit of long position. Breakout above USD 1360 will imply further upsides with SL at 1320.

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