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Thursday, March 22, 2012

GOLD | Update | 22.03.12


Gold finally shows its movement. It breached yesterday Low at around 1645 (see morning post) and it is still hovering around 161.8% Fibonacci (time frame 1H) or 100% Fibonacci based on weekly range on time frame 4H (last week Low). The price seems to continue its bearish and the next target would be around 1627.

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