Gold closing to test support level of the Triangle Formation

Gold closing to test support level of the Triangle Formation

Rami
19 (08) 2016 - 12:39 (GMT)
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Gold managed to retreat from our previous target and resistance (1355) while closing to test support zone of the Triangle Formation around (1337-38) for more details see here

will keep trading inside this triangle until one of the resistance or support is broken while today closing will set more vision for next week movement

as long as market holding trades above 1337 another rebound will be expected toward (1353-54) zone

below (1330) more drop will be expected over the Intraday-Levels toward (1315-18) zone

the zone between (1330) & (1337) will consider a Gray zone which unpredictable and will depend on today market closing

GOLD

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Rami

Rami

Hi all, my name is Rami, with more than 16 years experience in Forex Market, switching from Brokerage field to Fund Management and Risk Management specialty.I had an idea to establish a Home Page to present my thoughts on Forex Market from three different angle or prospective, Mid-Run, Short-Run & Intraday movements .

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