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Gold: Bearishness Remains Intact But With Caution

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    GOLD: Having closed lower the past week, GOLD bearishness remains intact. However, a corrective recovery higher could occur if it fails to push further lower in the new week. On the upside, resistance resides at the 1070.00 level where a break will aim at the 1080.00 level. A turn above there will expose the 1090.00 level. Its a weekly RSI is bearish and pointing lower suggesting further weakness. Further out, resistance stands at the 1100.00 level. On the downside, support comes in at the

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