Gold: Closes In On The 1279.00 Resistance Zone

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Gold: With Gold continuing to hold on to its broader upside pressure, further strength is expected. It now looks to recapture the 1279.00 resistance zone. But note that if that level remains unbroken, a move lower could follow. On the downside, support comes in at the 1260.00 level where a break will turn attention to the 1250.00 level. Further down, a cut through here will open the door for a move lower towards the 1240.00 level. Below here if seen could trigger further downside pressure

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