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GOLD: sideways trend between 1227 and resistance 1237

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 17, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Daily forecast, 03.16.16 Main scenario: The pair is trading along an sideways trend between 1227 and resistance 1237. The downtrend may be expected to continue in case the market drops below support level 1227, which will be followed by reaching support level 1213. Alternative scenario: An uptrend will start as soon, as the pair rises above resistance level 1237, which will be followed by moving up to resistance level 1260 - 1266.

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