Gold facing major resistance level for Short-Run

Gold facing major resistance level for Short-Run

Rami
15 (02) 2017 - 12:10 (GMT)
0

As the precious metal managed to sustain advance toward target 1232 as previous report advised (see here), the Gold managed to add more advance to test major resistance level for the Short-Run around 1242-45

Gold still facing downtrend pressures as market holding trades below 1245 where a chance to break below 1220 to head toward 1170-80 zone if U.S. Inflation reading came better than expected today

from another hand if market managed to jump above 1240 a chance to resume advance toward 1260 and 1280 is expected 

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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