Gold price seen recovering after massive price fall

Gold futures in India, which hit the lowest level in more than 18 months on Tuesday, may stage a recovery as key technical indicators point to the yellow metal entering oversold territory, according to analysts.
Gold in India, the world's biggest buyer of the metal, has shed 21 percent from the record high of 32,464 rupees for 10 grams struck in November, spreading panic among investors and importers.
"Extremely overdone technical indications suggest a possible recovery in coming days," said Gnanasekar...