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Gold has managed a bounce to first resistance at 1225/26

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 7, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Daily Forecast - 07 April 2016 Gold Spot Gold has managed a bounce to first resistance at 1225/26. This could trigger welling pressure again in the short term bear trend but be shorts need stops above 1229. Further gains meet strong resistance at 1235/36. Try shorts again with stops above 1239. However we must be ready to reverse in to a long position if it looks like prices have made a sustained breakout above 1238. This would be a buy signal & targets 1243/45 initially then 1254/55.

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