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3/17/2017 2:14:33 AM

Gold - Technical Analysis: Friday, 17/03/2017 06:14 GMT



Gold price moves around 1226.00 level since yesterday, and RSI attempts to get the positive momentum on the intraday basis, to support our expectations to rise in the coming period, waiting to head towards our first target at 1255.00.

The mentioned level represents the previously broken bullish trend line, thus, surpassing this level will confirm the continuation of the bullish trend on the short term basis, while the price needs to settle above 1217.00 to keep the expected rise valid.


Target
Risk


Support
Resistance


Trend Bullish

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