Gold Technical Comments by RCPL Forex

Gold traded within the range of $35 yesterday to touch the high of $755.20 with the low of $724.25.

Gold traded within the range of $35 yesterday to touch the high of $755.20 with the low of $724.25. The hourly stochastic is approaching the oversold region whereas the 4hourly chart is approaching the overbought region. The immediate resistance can be seen at $761.27 whereas the support can be seen at $738.96. (Gold: $746.95)