Commodity Evening Update: Gold gains, Crude Oil drops
GoldSeek - Gold price has taken support of its horizontal trend line at 39,400 levels on the hourly chart. Momentum indicator RSI has shown a positive crossover on the hourly timeframe, which indicates bullishness in the price. Based on the above technical parameters, gold is looking bullish with a potential to reach 39,800. The outlook will change above 39,390 levels.