Gold witnessed profit selling at higher levels; the commodity may witness a correction towards 1340 levels. Since RSI, Stochastic remain bullish, the bullish bias may remain intact to gold in short term. Traders are advised to stay on buy position (long) in near term.
On charts, prices are hovering at higher levels; the commodity is trading at upper Bollinger levels with support near 1350 levels. 1370 level remain as a strong pivot as breaching the point may witness rally towards 1390 levels.