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Gold - Trading In Range

Gold is trading without massive volatility. Resistance is given at 1303 (02/05/2016 high) and support can be found at 1256 (10/05/2016 low). Expected to show a reversal move towards 1300.

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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