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Gold Gives Up At Weekly R1 Amid Risk-On Mood

Discussion in 'Technical Analysis' started by Kaitlin, May 17, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    After testing the most immediate daily resistance line, which is represented by the weekly R1 at 1,287.68, the bullion was forced to erase these intraday gains amid growing risk appetite over the US equity session on Monday. XAU/USD dived down to the weekly pivot at 1,272.24, where it is estimated[​IMG]

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