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12/8/2014 3:23:31 PM

Gold - Technical Analysis: Monday, 08/12/2014 20:23 GMT



The minor double bottom pattern was completed to motivate the price to rise now, to start the negotiations with the main double bottom pattern at 1207.65, and we are waiting a daily close above this level to activate the positive effect of this pattern.

Stochastic is positive and supports the continuation of the bullish trend on the near term basis.


Target
Risk


Support
Resistance


Trend Bullish

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