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Gold Closes In On August High

Discussion in 'Technical Analysis' started by Kaitlin, Oct 12, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Gold is about to touch August's high, which is strengthened by the weekly R1 and the Bollinger band. A close above this level will not imply a bullish outlook, mainly because of the supply zone around 1,180 dollars, where the weekly R2 joins forces with the monthly R2 and 200-day[​IMG]

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