Gold was up on Tuesday morning in Asia, buoyed by a weaker dollar, but a tech-driven rally in U.S. markets on Monday and small signs of global economic recovery capped the yellow metal’s gains.
Yesterday’s outside bull day signals an upturn / breakout from the past week of coiling / flagging congestion, renewing the target to $28.40. Stable action over $28.40 will encourage rallies ⇒ $29.24.