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12/12/2014 2:17:04 AM

Gold - Technical Analysis: Friday, 12/12/2014 07:17 GMT



More fluctuation around 1221.00, with continuous support from the exponential moving average 50.

It’s important to be aware of the possibility of forming double top pattern that will be completed by breaking 1216.00, which might push the price to retest 1180.00 areas before turning back to rise again.


Target
Risk


Support
Resistance


Trend Bullish

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