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Mar 23, 2017 11:00 AM

Gold eyes upper Bollinger band resistance 

GOLD (US$/OZ)TVC

Description

The daily RSI is yet o hit the overbought territory. The DMI remains in favor of further gains as well. Thus, prices looks set to test the upper Bollinger band resistance seen at 1260/OZ levels.

On the lower side, only a daily close below the mid-line (50-DMA) would signal trend reversal.
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