The candlestick formation was accompanied by a marginal increase in volume which adds little weight to the bullishness of the stock. The Relative Strength Index (RSI) which is a lead indicator has crossed above 30 from the oversold zone, indicating that the stock is likely to witness some momentum on the upside.
Gold poised for weekly loss as US delays decision on Middle East involvement
Gold prices remained stable on Friday but are set for a weekly loss as President Trump delayed a decision on intervention in the Israel-Iran conflict.