Gold is ready to buy more
The daily chart shows that Gold's price failed to chart a range breakdown on a daily closing basis on Friday and regained the critical short-term 21-day Simple Moving Average (SMA) at $2,630 after briefly breaching it during the day.
The 14-day Relative Strength Index (RSI) has turned higher to test the 50 level, backing the renewed uptick in Gold price.
Gold buy from 2650
Target 2665
Target 2705