Gold technical analysis: 1433 comes as the Aug 2013 highs

The Chiaxin Oscillator crossed above the zero line on the 30th May when price ran higher from 1375. However, the price of gold has now left a mixed outlook on the charts. The momentum indicators are also mixed, reading in overbought territory. 1372 now comes in as a 50% mean reversion target on the downside of the weekly candlestick. On the upside, 1433 comes as the next target as the 2013 August highs