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Technical Analysis – GOLD _ 18-02-2019

HomeTechnical AnalysisTechnical Analysis – GOLD _ 18-02-2019
18
Feb
Technical Analysis – GOLD _ 18-02-2019

With the support of the rising trend line supported by the support area 1309-1298 rose the price of gold during trading on Friday and today touching its first target at the resistance 1326 … Stochastic and rsi momentum indicators indicate a bullish momentum may push the price to try to break through the resistance mentioned and targeting 1345 as a second target and resistance 1365 As a third goal.

A breach of the bullish trend line shown on the daily chart may be enough to end the upside potential, and then the price could then head to test the 1276 support as the first target and then support the 1250 as the second target.

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