KB_MarketAnalysis

Will Gold continue to Rally?

OANDA:XAUUSD   Oro / Dollaro
Gold has been rallying since March 20 (day before S&P 500 found its current bottom) and has reached new highs since November 2012. Would Gold continue its rally? I'd be closely watching at price action around the $1,686 zone. Stochastic is looking bearish and if the price breaks below that zone forming a double top, I'd be looking for short entries. However, if price finds support on the zone, I'd be bullish.
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