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
I think I must buy on dips and keeping my stop loss bellow $1,338
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The downside target remains intact at $1,301 followed by $1,280.
The indicators are mixed but I am buying Gold from $1,314.