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GOLD: break of resistance 1095 can start uptrend to 1115

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 20, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Main scenario: The pair is trading along an sideways trend between resistance 1095 and support level 1076. An uptrend will start as soon, as the pair rises above resistance level 1095, which will be followed by moving up to resistance level 1115. Alternative scenario: An downtrend will start as soon, as the pair drops below support level 1076, which will be followed by moving down to support level 1055.

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