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Gold Faces Resistance At 1,280/87

Discussion in 'Technical Analysis' started by Kaitlin, May 9, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Gold futures advanced for the first time in four days on Friday of the previous week, as they were fuelled by soft US payroll numbers for April. However, the bullion's appreciation was stopped by the monthly R1 at 1,287.49, which is strengthened by the weekly pivot at 1,280.49 this week.[​IMG]

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