29.12.201110:43 Forex Analysis & Reviews: GOLD Intraday Technical analysis

Long-term review

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The gold broke the intermediate support of its medium term bearish channel in 1580 leading to an acceleration. A pull back on these levels is expected before a resumption of bearish.

According to previous events, the market indicates a bearish opportunity on the levels of 1580 with a 1st objective of 1570, then 1560. A break in 1582 would invalidate this scenario.

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