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GOLD, Weekly forecast, Apr 4 - 8: downtrend with target to 1190

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 3, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Main scenario: The pair is trading along an sideways trend between support 1208 and resistance 1225. An downtrend will start as soon, as the pair drops below support level 1208, which will be followed by moving down to support level 1190. Alternative scenario: An uptrend will start as soon, as the pair rises above resistance level 1225, which will be followed by moving up to resistance level 1241 and 1260.

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