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Gold Refrains From Confirming Triangle Pattern

Discussion in 'Technical Analysis' started by Kaitlin, Jan 25, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Our short-term views with respect to the bullion are broadly unchanged. Since Thursday the metal has been oscillating around 1,100. We are therefore remaining bearish on a daily basis, as downward pressure should be created by 100-day SMA and monthly R2 at 1,104/07. By violating this resistance gold is going[​IMG]

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