Gold went close to the overbought level on the RSI(14) indicator. Area 1,200 is a relevant resistance and a breakout would trigger moderate positive market sentiment and the shiny metal could rise to 1,266 to test its 200SMA. The medium term supply line is the change of polarity level that could bring buyers in control. Below 1,123 the shiny metal should test 1,100 and then 1,045, the multiple bottom reached on November 2015.
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