Protests in Libya lead oil price and gold price to new highs. Gold price broke the resistance yesterday and recorded new high.
However, we can see that MACD forest is increasing as well, but the difference between the long-term and short-term MA is quite big.
RSI is at around 70 which shows that it really overbought, I somehow doubt that whether it could keep surging.
Nevertheless, I don't think it is strong even to breakout. The price will be falling again unless there is more breaking news from East Asia countries.
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