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Gold: European Session

Published 12/17/2014, 05:25 AM
Updated 07/09/2023, 06:31 AM

Gold Chart

Dropping below 1200.00 levels yesterday after failing the bullish attempt took Gold within the downside range as showing on graph. Despite that, Linear Regression Indicators are showing a positive bias while MACD is showing a negative crossover.

The price should break 1281.85 or breach 1200.00 to determine the next move, whereas trading between these levels forces us to remain neutral intraday today. From the upside, a break above 1200.00 brings positivity again while we wait to test 1238.00, breaking 1181.00 indicates the possibility of a downside move towards 1160.00 - 1159.00.Support Resistance & Recommendation

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