TECHNICAL ANALYSIS BY NSFX 17.05.2015
The commodity is trading in a bullish channel and rose above its 200SMA. The 21SMA could soon make a crossover of the 55EMA and if a breakout of the higher side will occur gold can test 1258 and then 1309. Below the lower side of the channel the the view will be bearish and the commodity might test 1139 and then 1100. The RSI oscillator at 63.26 might reach soon the overbought level.