Gold runs above post Brexit highs

Discussion in 'Technical Analysis' started by ForexLive, Jul 6, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Trades at highest level since March 2014 The price of gold has moved above the post Brexit spike high at 1258.50 area and has traded at the highest level since March 2014. The yellow metal looks toward the 38.2% of the move down from the 2011 swing high to the low reached at the end of 2015. That level comes in at 1381.42. The 50% of the same move lower comes in at 1484.48. I would expect traders to also respect the 1400 level on the first look.

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