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Gold

Gold Technical Analysis

Pivot: 1193

Most Likely Scenario: Long positions above 1193 with targets @ 1214 & 1222 in extension.

Alternative scenario: Below 1193 look for further downside with 1181.5 & 1169 as targets.

Comment: The next resistances are at 1214 and then at 1222.

Gold Chart dated 2014.12.05

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