Gold Remains On The Defensive On Price Extension

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 3, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    GOLD: With GOLD weakening further on the back of its past week losses during Monday trading session, additional decline is envisaged. On the downside, support comes in at the 1125.00 level where a break will turn attention to the 1110.00 level. Further down, a cut through here will open the door for a move lower towards the 1100.00 level. Below here if seen could trigger further downside pressure targeting the 1090.00 level. Its daily RSI is bearish and pointing lower suggesting further

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