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Source: Fxpro Forex Broker

Gold Analysis (2015.05.29)

Pivot: 1193

Most Likely Scenario: Short positions below 1193 with targets @ 1178 & 1170 in extension.

Alternative scenario: Above 1193 look for further upside with 1198 & 1204 as targets.

Comment: As long as 1193 is resistance, likely decline to 1178.

Gold Chart

gold chart

 

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