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Gold has the most important longer term resistance at 1262/67

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 4, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Daily Forecast - 04 March 2016 Gold Spot Gold has the most important longer term resistance at 1262/67 in overbought conditions. This is absolutely crucial to future direction & for now this has been rejected. Therefore we could target the most important support of the day at 1248/47. This is a buying opportunity & a bounce from here re-targets 1256/57 then 1260 & perhaps as far as strong resistance at 1262/67. However longs need stops below 1244. A break lower is a sell signal

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