From the above chart(daily) of gold we are able to see Gold is coming into oversold zone (34.5) on RSI and is at an important Fibonacci support of 61.8% which is at 1198. Today's low(24/02/2015) is 1194 and CMP of 1198. I think price of the yellow metal will appreciate from here on. Target 1: 1218, Target 2: 1240.
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