Topic: Gold chart of 9.4.2014
Gold continues in its recovery mode because it has developed a replacement uptrend channel over the past few days flanked by the rising fifty five hour moving average. The long low has encouragingly looked to create support at the previous gaolbreak level around $1306.50 and is trying to advance yet again. The intraday momentum indicators like the RSI and MACD ar in optimistic configuration currently and also the next key resistances at $1317.25 and $1320.24 look set to be tested.