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Published On: Fri, Nov 7th, 2014

Gold – Technical Analysis (07.11.2014)

The breach of $1161 signals the beginning of another leg lower for gold. Bullion is targeting the $1045 support. Immediate resistance is $1161.

The breach of the  $1161 support, the lower bound of the trading range, signals the beginning of another leg lower for gold. Bullion is now targeting $1085, en route to $1045. Immediate resistance is $1161.

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