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Gold Erases Three-Day Losses

Discussion in 'Technical Analysis' started by Kaitlin, Feb 19, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The bullion saw a renewal of the confident uptrend on Thursday. Following success at the monthly R3 at 1,209 gold decided to move higher and eroded the weekly pivot point at 1,221. The only resistance to contain the rally was the May high at 1,232. The RSI indicator is on[​IMG]

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