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  #191  
Old 13-07-2017, 04:26 AM
painofhell painofhell is online now
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Gold price has breached 1,214.30 level after closing the daily candlestick above it. This activates the bullish scenario on the intraday basis. 1,229.32 level is targted initially, which represents 38.2% Fibonacci level which was broken previously to turn into the key resistance now. Therefore, the bullish trend will be suggested for the short term unless breaking 1,208.92 level and holding below it.

Please note that stochastic and the EMA50 clearly indicate negativity that could make the rising mission harder. Breaching 1,229.32 represents the key to extend Gold price gains to reach 1,254.56 as the next main station. The expected trading range for today is between 1,208.00 support and 1,235.00 resistance.

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  #192  
Old 14-07-2017, 09:03 PM
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The Gold price settles around 1,214.30 level, and stochastic managed to reach the oversold areas, to form positive factor that we expect to assist to push the price to rebound bullishly and resume the bullish bias again, waiting to visit 1229.32 level initially.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 1,208.92 level and holding below it, as breaking this level will push the price to visit 61.8% Fibonacci correction level at 1188.52 before any new attempt to rise. The expected trading range for today is between 1205.00 support and 1235.00 resistance.

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