Gold 2018-03-27

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As we advised yesterday and as we see over our previous chart

Gold failed to break above 1356 where market managed early today to hit the drop correction to test support 1340

As long as market holding above 1340 market may have chance for rebound correction toward 1350-55

Above 1356 more advance toward 1370-75 is expected

Below 1339 more drop toward 1325 and maybe 1310 may hit the market

Support Resistance
Level 1 1340 1356
Level 2 1324 1375
Level 3 1310 1395
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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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