Gold 2018-03-21

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As we advised early this week 

Gold managed to sustain drop pressure where market closing again from support line 1302-05

As long as market holding trades above 1302 another rebound correction wave may hit the market toward 1340 while Intraday levels showing resistance at 1322

Below 1302 especially with daily close below this zone another drop wave will be expected toward 1260-70 zone

  Support Resistance
Level 1 1302-05 1322
Level 2 1291 1343
Level 3 1270 1350-55
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Rami Abu-Dra`a is a Chief Technical Analyst at Orbex and a holder of B.S Degree in Banking & Financial Science / Subsidiary Economic. Rami ‘s strategic vision of forex markets, enhanced by more than a decade of trading experience, allows him to efficiently mix fundamental and technical analyses, and find the best investment ideas for Orbex traders.

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Rami Abu-Dra`a is a Chief Technical Analyst at Orbex and a holder of B.S Degree in Banking & Financial Science / Subsidiary Economic. Rami ‘s strategic vision of forex markets, enhanced by more than a decade of trading experience, allows him to efficiently mix fundamental and technical analyses, and find the best investment ideas for Orbex traders.

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