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5/15/2015 1:31:00 AM

Gold - Technical Analysis: Friday, 15/05/2015 05:31 GMT



The recent bullish rally put Gold price at the neckline of the double bottom that appears on chart at 1224.00, and the price needs to gain enough positive momentum to breach this level and activate the positive pattern.

The exponential moving averages 50 and 100 continue to provide support to the price, and breaching the neckline will push the price towards 1300.00.


Target
Risk


Support
Resistance


Trend Bullish

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