Forex Trading Library

Gold 2017-11-08

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We still holding our previous model for Gold

As we advised last week and as we see over our previous chart

Gold managed to sustain drop toward target 1260-65 

As long as market holding above 1260 another advance wave may hit market toward 1298

Below 1260 market may head for farther drop to test 1248-50 support trend 

Below 1248 more drop toward 1225 is expected

any daily close above 1282-83 zone may activate more advance movement

  Support Resistance
Level 1 1260-65 1283
Level 2 1248-50 1298
Level 3 1225 1315
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