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GOLD, Monthly forecast, February 2016: uptrend is continuce to 1135

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 2, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Main scenario: The pair is trading along an uptrend with target on 1135 and may be expected to continue, while pair is trading above support level 1108. If arket will keeps on moving up above 1135, we may expect the pair to reach resistance level 1190. Alternative scenario: An downtrend will start as soon, as the pair drops below support level 1108, which will be followed by moving down to support level 1088 and then to 1055.

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