Gold reaches new high

Gold reaches new high

The price for the yellow metal has crossed the level at $1,341. The next resistance will lie at $1,355. If bears take over the market, they will try to pull the price for gold lower towards the support at $1,320. The next key level will be placed at $1,305. Technical indicators, such as RSI and Stochastic show that the market is overheated. If Stochastic indicator forms a crossover in the overbought zone, it may provide a selling opportunity.

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