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3/4/2015 1:31:09 AM

Gold - Technical Analysis: Wednesday, 04/03/2015 06:31 GMT



More sideways move and holding above the bullish trend line that appears on chart, waiting to test 1240.00 areas in the upcoming period.

Stochastic is positive, but the exponential moving averages 50 and 100 are negative and might cause difficulty to achieve the waited rise.

The sideways range will remain dominant until breaching one of its lines between 1190.00 support and 1240.00 resistance.


Target
Risk


Support
Resistance


Trend Sideways

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