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Direction: Bearish below 1247.00

2016-05-20 03:14:52

Gold, May 19

Posted By: ICN.COMon: May 19, 2016In: Technical Analysis

This report was updated for registered users on : 2016-05-19 07:48:24

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Gold declines below 61.8% Fibonacci at 1259.00, which is a negative catalyst along with stability below SMA20 and negative signals on ADX and RSI,

A break below SMA50 at 1247.00 is required to extend the bearishness today.

Support: : 1247.00 – 1235.00 – 1227.00

Resistance: 1260.00 – 1272.00 – 1271.00

Direction: Bearish below 1247.00

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