08.11.201108:48 Forex Analysis & Reviews: GOLD Intraday Technical analysis

Long-term review

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Gold is currently testing the intermediate support of its medium-term bullish channel in 1790 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1772.

According to previous events, the market indicates a bullish opportunity on the levels of 1790 with a 1st objective of 1800, then 1805. A break in 1788 would invalidate this scenario.

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