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Technical analysis & Updates

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Gold Technical analysis 16 November 2018

Time frame Used - four hours Gold is moving in a bullish direction in the near term. The purchasing power managed to control the movement of gold to stop the gold losses of consecutive losses to bounce from the support  level of 1196 forming a technical pattern called double bottom to reach to the important resistance level around levels of  1211-1215 where it facing selling pressures and resistance around this…

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