Precious Metals – Weekly Technical Analysis, 22/07

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From last week's precious metals analysis, we outline two scenarios for Gold. Bullish Scenario: In this scenario we expected to see a rally back to 1200 on an upside breakout from the falling price channel and on successfully breaking the resistance between 1180 and 1174.25 Bearish Scenario: We noted that with a reversal last week just a few points above 1150, a test back to 1150 was more po...

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