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FX.co ★ GOLD Intraday Technical analysis

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Forex Analysis:::2011-08-22T09:21:15

GOLD Intraday Technical analysis

GOLD Intraday Technical analysis

Gold has broken the intermediate resistance of its medium-term bullish channel in 1838 leading to an acceleration. A pull back on these levels is expected before a resumption of bullish.

According to previous events, the market indicates a bullish opportunity on the levels of 1838 with a 1st objective of 1850, then 1860. A break in 1835 would invalidate this scenario.

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