GOLD Breaks Above $1200 Barrier, Bulls May Extend To $1220

Discussion in 'Technical Analysis' started by Kaitlin, Jan 12, 2017.

  1. Kaitlin

    Kaitlin Forum Member

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    Fresh dollar's weakness boosted gold price above psychological $1200 barrier, level last traded on 23 Nov. Daily studies are turning in strong bullish mode and support further upside. The price eyes immediate barrier at $1207 (mid-point of $1291/$1122 fall) and could extend towards next strong resistance at $1219 (Fibo 38.2%[​IMG]

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