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MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

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Gold - Long-Term Reversal

Gold's bullish momentum keeps going after breaking above declining channel. Hourly resistance is given at 1308 (21/03/2015 high). Hourly supports lies at 1250 (04/03/2016 low).

In the long-term, the technical structure suggests that there is a growing upside momentum. A break of 1392 (17/03/2014) is necessary ton confirm it, A major support can be found at 1045 (05/02/2010 low).

Daily Technical Report

 

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