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| Technical Outlook For Gold |
Gold moved yesterday in the average movement of 103 Pips, its highest level at 1142.32 and the lowest price at 1132.03 and closed at 1133.00 to Lose 67 pips during yesterday’s trading..
Gold opened today's trading at 1132.86 volatile between 1131 and 1134 during the Asian session trading at 4 dollars for the poor liquidity in the market range..
Gold is moving in a series of down impulse waves after breaking the price channel.
We saw the gold achieved our target at 1133
It is expected that the yellow metal is heading targeting 1125 as a target on time frame of four hours and until now we see the Bulls control on market direction.
And the Relative Strength Indicator "RSI" show us accumulation operations at the market
Today we could see sharp trading because of the economic data from the USA
Support levels: 1129.24 and 1125.49 and 1118.95.
Resistance levels: 1139.53 and 1146.07 and 1149.82.
More Technical Outlook FxStations
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