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Gold Moves To Upside

Published 01/28/2015, 05:15 AM
Updated 07/09/2023, 06:31 AM

Gold 4-Hour Chart

Gold prices moved to the upside yesterday but remained limited below 1300.00 and Linear Regression Indicator 55. Trading below the referred to level is negative intraday and could push the metal to the downside within a correctional wave that targets 1263.45.

From the upside, breaching 1300.00 and stabilizing above it fails the suggested bearish correction, while breaking 1263.45 extends the bearish correction.

Gold Support And Resistance

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