Gold Bounces After Five Days In Red, Key Support At 1302 In Remains Focus

Discussion in 'Technical Analysis' started by Kaitlin, Sep 14, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Gold bounced slightly above Fibo 23.6% of 1352/1313 downleg, on recovery action after Tuesday’s $16 fall. Five consecutive days in red retraced over 61.8% of 1302/1352 rally, maintaining strong downside pressure. Another strong bearish signal was generated on yesterday’s long red daily candle for final push towards key barrier and[​IMG]

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