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GOLD, 04.06.16 : sideways trend between 1223 - 1236

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 6, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Main scenario: The pair is trading along an sideways trend between support 1223 and resistance 1236. An downtrend will start as soon, as the pair drops below support level 1223, which will be followed by moving down to support level 1215 - 1209. Alternative scenario: An uptrend will start as soon, as the pair rises above resistance level 1229, which will be followed by moving up to resistance level 1226 and if it keeps on moving up above that level, we may expect the pair to reach resistance

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