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11/25/2015 1:26:54 AM

Gold is facing a hard challenge – Technical Analysis – 25-11-2015



Gold price rose recently to reach the descending channel’s resistance that confines the short term trading, besides touching the moving average 50, which hints the importance of 1079.55 resistance level, as the price next track depends on its behavior according to this level, thus, we expect turning back to decline in the coming period as long as the price is below 1079.55, targeting 1064.00 key support.


Target
Risk


Support
Resistance


Trend Bearish

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