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Gold Technical Analysis review

Gold Technical Analysis review

Gold is trading higher today at $1176.56/oz hitting the daily high at 1182 and the low at 1173.67. Gold managed to confirm the 1172.68 level after closing the daily candlestick above it, which reinforce the chances of continuing the bullish bias on short term basis, and the way is open to target 1212.31 level that represents the next main resistance, noting that the 50h MA keeps supporting the price from below.

 

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EURUSD has been trading within a well defined uptrend over the last several months, since breaking out in early 2017. 1.2360 provided support to the pair in early February and now switches to resistance. The pair’s top level was $1.2555, and recent low was 1.2155. Immediate resistance is seen around 1.2350. A clear break above ...