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Friday, March 30, 2012

GOLD | Update | 30.03.12


Gold price broke yesterday High around 1664 and has been trying to breach 1669, but it seems like it is a strong Resistant (see red thick line on time frame 4H on the left) as it was last week High. If the price breaks that Resistant then the next target would be around 1676 - 1680 - 1694. Otherwise more consolidation would be seen or the price goes back to around 1654 and potentially forming the Inverted Head and Shoulder pattern.

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