Gold 2018-03-29

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Gold managed to break below 1340 where more drop hit the market toward 1325 as we advised yesterday

Market also managed to hit below 1325 which may add more drop pressure to test 1307-10 zone which in turn may provide another advance toward 1350

Below 1302 the risk for farther drop wave toward 1260-70 zone may hit the market

  Support Resistance
Level 1 1307-10 1330
Level 2 1302 1340
Level 3 1260-70 1350
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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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