Gold (23.10.2013) higher after the decline in delay NFP & broken resistance area.
Now gold is trading around $1335 & as we can see on charts, the resistance zone converted into support may push prices upward in coming trading session. Yesterday prices close above resistance area $1320-1330 with volume as well as marked a bullish candlestick pattern on charts. meanwhile RSI is now trading above 50 which signal for an upside move in coming trading session.
Based on above studies, we will prefer to buy gold on some dip for targets around $1363 & then $1375. A day close below $1320 will reject the forecast.
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