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GOLD: further break up of 1108 will open a road on 1135

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 25, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Main scenario: The pair is trading along an sideways trend between resistance 1108 and supports 1093 - 1076. From resistance 1108 I expect correction on support level 1093 and if it keeps on moving down below that level, we may expect the pair to reach support level 1076. Alternative scenario: An uptrend will start as soon, as the pair rises above resistance level 1108, which will be followed by moving up to resistance level 1135.

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