Gold looks a very good buy with a small SL. Having corrected 10% from recent highs and a good support in the region around 1830-40$, Gold is screaming buy.
As per the FOREX GOLD chart idea I have been posting in the last few weeks, the gold is in accumulation stages and GOLDPETAL Contracts are being traded in the MCX with good volumes.
The following idea shows that GOLD has had very strong RSI with above 40 in the last two months.
Price breakout chart in USD can be seen below for XAUUSD.
