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4/3/2017 3:24:21 AM

Gold - Technical Analysis: Monday, 03/04/2017 07:24 GMT



Gold price moves inside bullish flag pattern that supports the chances of continuing the main bullish trend, noting that the positive effect of the inverted head and shoulders' pattern still valid, and the price needs to surpass 1252.00 level to get positive motive that reinforces our expectations of achieving more gains in the coming period.

Thus, the bullish trend will remain dominant on the short term basis, and the main waited target is located at 1277.00, noting that breaking 1235.00 will put the price under negative pressure that its targets begin at 1217.00.


Target
Risk


Support
Resistance


Trend Bullish

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