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Gold Weekly Forecast 5 Oct - 9 Oct 2015

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 4, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Key Points:
    • Gold printed a Higher Low (HL) after the release of NFP which turned the trend bullish
    • First Resistance $1150-$1156 [Psychological Number, Channel Resistance, Swing High of the Last Major Upside Move]
    • Second Resistance $1169 [The high of 24th August]
    • Third Resistance $1200-$1205 [psychological number, the High of June 18]
    • First Support $1098-$1104 [Psychological number, The low of 2nd Oct, The low of the last major downside move]
    • Second Support $1071 [The low of 20th July]
    upload_2015-10-4_13-48-39.png

    Recommendation: Buy @ $1125, Stop @ $1115, Take Profit @ 1150
     

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