Market Analysis: GOLD 2/25/2014

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GOLD Moving to Overbought Territory

Investors have definitely seen some solid trading in Randgold Resources Ltd. (GOLD) lately, leading to gains for some. However, GOLD is now in overbought territory thanks to its latest move, as the firm has an RSI value of 73.7. Additionally, Randgold Resources currently has a Zacks Rank #5 (Strong Sell), so if the earnings estimate trend is any guide, a fall might be coming for this overbought stock.

Gold is following a bullish trend do to an increase in production at the Kibali mine in the Congo.

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