As you see in my following chart, Gold price rallied higher sharply surpassing 1577.00 and settling above it, which forms a positive factor that provides a possibility for achieving more upside moves.
But now we need to stay aside temporarily in order to monitor the price behavior according to the EMA50 currently at 1578.50-, where the stability above it will confirm more of the upside track towards 1603.00, while Stochastic is providing negative signals that might force the price to decline again.
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