Gold 2018-07-09

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

Gold managed last week to test 1236-41 support zone before the first rebound correction hit the market 

As long as market keep trading above this support a chance for a rebound correction toward 1280-85 and 1302-05 may hitthe market

Below 1236 Gold may enter new downtrend wave that may reach 1110 zone

Intraday Trading levels may have chance for a trading zone between 1236 and 1273 in the comming days

  Support Resistance
Level 1 1260 1373-75
Level 2 1250 1380-85
Level 3 1236 1300-05
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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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