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12/8/2014 2:50:55 AM

Gold - Technical Analysis: Monday, 08/12/2014 07:50 GMT



The price stability above the retesting level of the breached descending channel’s resistance, and negotiating the exponential moving average 50 now.

On the smaller time frames, a double bottom pattern is being completed – the minor image-, and waiting to motivate the price to rise a breach the most important resistance at 1207.65.


Target
Risk


Support
Resistance


Trend Bullish

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