Gold 2018-04-10

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Gold still showing momentum inside the Intraday Levels where market showing a rising wedge formation with resistance laying at 1340-43

As long as market holding below this resistance another drop wave will be expected toward 1315-19 zone

Above 1343 Gold may head for farther advance to re-test old resistance 1350-55 zone

Below 1331 Intraday showing a chance for farther drop toward 1315-19 zone

  Support Resistance
Level 1 1331 1340-43
Level 2 1315-19 1350-55
Level 3 1302 1370-75
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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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