Our recommendation for gold intraday trading, Long (Buy) positions in Gold above 1364 with 1383 & 1394 as intraday targets. Stoploss must be placed below 1359.
Why to go Long: Gold has been consolidating for last few weeks and we see RSI turing up now, giving sufficient momentum to face its resistance.
Trend: Short term: Consolidation; Medium Term: Bullish
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