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Old 12-10-2017, 18:39
painofhell's Avatar
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Default Re: Daily technical analysis of GOLD By INSTAFOREX

Recently, Gold has been trading upwards. The price tested the level of $1,297.50. According to the 15M time - frame, I found a successful testing of solid support at the price of $1,294.00, which is a sign that selling looks risky. The ADX indicator is above 30 level, which means that buyers are in control. My advice is to watch for potential buying opportuntiies. Upwards targets are set at the price of $1,297.50, 1,299.70 and $1,305.00.

Trading recommendations for today: watch for potential buying opportunities.




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