Gold 2015-01-20

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GOLD 1286

Gold on demand as haven

market jumped into haven Gold after SNB announced last week the ending of exchange rate cap with Euro which placed demand for haven over short-run

market managed to jump above 1277 which placed a possible for trading zone between 1270 – 1296

as long as market holding trades below 1296 market may face some drop correction where trading zone between 1270 – 1296 will be expected over short-run

above 1296 market may add more advance toward 1310 and 1325

Daily Trend: Up
Weekly Trend: Up

  Support Resistence
Level 1 1270 1296
Level 2 1255 1310
Level 3 1238 1325


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