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Technical Analysis – GOLD _ 19-02-2019

HomeTechnical AnalysisTechnical Analysis – GOLD _ 19-02-2019
19
Feb
Technical Analysis – GOLD _ 19-02-2019

Gold ended yesterday’s trading on the upside, achieving its first target of the bullish scenario at the resistance of 1325 … This scenario remains as long as the trades above the upward trend line shown on the daily chart and may be targeted in the near term resistance level 1335 as the second target and then the resistance 1345 as a third target then 1365 as the forth target .

Breaking the bullish trend line with a four hour closing below 1298-99 might be enough to end the bullish scenario and then the price could then head for the 1276 support as the first target and then the 1250 support as the second target.

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