GOLD: double top with target on 1050

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 13, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Main scenario: The pair is trading along an sideways trend as "double top" pattern, between resistance 1107 and support 1092 levels. An downtrend will start as soon, as the pair drops below support level 1092, which will be followed by moving down to support level 1076 and then to 1062, 1050. Alternative scenario: The uptrend may be expected to continue in case the market rises above resistance level 1107, which will be followed by reaching resistance level 1135.

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