Gold - Daily technical Forecast

By IBTimes Staff Reporter | June 02 2010 12:39 AM

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Gold closed higher on Tuesday as it consolidates above the 10-day moving average crossing. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI have turned bullish signalling that sideways to higher prices are possible near-term. If it extends this week's rally, this month's high crossing is the next upside target.

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