Gold 2018-04-19

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Intraday Levels showing that Gold still have room for this rebound correction as market ability to hold trades between support 1340-42 and resistance 1360-62

Below 1340 more drop toward 1330-32 may hit the market which in turn may push gold up again

Below 1330 more drop toward 1318 is expected

Above 1362 Gold may head for a try to break above 1365 and to test 1375 zone

  Support Resistance
Level 1 1340-42 1360-62
Level 2 1330-32 1375
Level 3 1318 1392
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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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