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Gold Is Pressured By The 1,110 Supply Zone

Discussion in 'Technical Analysis' started by Kaitlin, Jan 21, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    A one-day outlook for gold has a slight bearish bias, even though overall trading is likely to be range bound between 1,104 and 1,086. The bulls are expected to experience some difficulties near 1,110 where we see a formidable resistance being formed by Jan 8-20 downtrend line, monthly R2 and[​IMG]

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