Gold Tests Ability To Consolidate Beyond 1,170

Discussion in 'Technical Analysis' started by Kaitlin, Feb 8, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    We are observing some selling pressure for the first time in seven trading days. XAU/USD surged above and closed beyond the August high of the previous year, while surpassing the second monthly resistance at the same time. A downward correction should be capped by the weekly pivot point and Sep[​IMG]

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