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Gold Price Rally

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Emas Semerta / Dolar A.S. (FOREXCOM:XAUUSD)  
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FOREXCOM:XAUUSD   Emas Semerta / Dolar A.S.
Trend Analysis
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trendanalysis
Gold has formed a higher high and higher low that indicates potential for further upside. A break above yesterday's high will open the way towards $1,366. However downside will find support at $1,338. RSI and Stochastic are heading up.

I think I must buy on dips and keeping my stop loss bellow $1,338
Komen:
Gold adjusted its previous declines to close at $1,319. Despite a positive closing, gold has formed a lower high and lower lo that indicates that the trend is weak.

The downside target remains intact at $1,301 followed by $1,280.

The indicators are mixed but I am buying Gold from $1,314.
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Penafian

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