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Add as a preferred source on Google FxWirePro: Gold faces strong resistance at $1368, good to sell on rallies Major resistance - $1368 Major support - $1330 The yellow metal ahs once again retreated till $1333 after making a high of $1358 and it is currently trading at $1338. The minor resistance is at $1343 (daily Tenken-Sen) a…
By FxWirePro Team Aug 15, 2016, 4:40 AM UTC
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Major resistance - $1368
Major support - $1330
The yellow metal ahs once again retreated till $1333 after making a high of $1358 and it is currently trading at $1338.
The minor resistance is at $1343 (daily Tenken-Sen) and any break above targets $1348/$1358 in the short term.
On the lower side, support stands at $1330 and break below will drag the commodity down till $1315 (55 day EMA)/$1295.
It is good to sell on rallies around $1345-1348 for the TP of $1358 for the TP of $1331/$1316.
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