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Published On: Thu, Nov 27th, 2014

Gold – Technical Analysis (27.11.2014)

Last week's breach of the crucial $1180 resistance signals that further gains are imminent for gold. Next target on the upside is the $1240 level.

Gold has been trading above the key $1180 for 6 days in a row now, which signals that further gains should be expected for the precious metal. Next target on the upside is the resistance at $1240.

The $1180 mark is expected to provide solid support for bullion and put a cap to any potential downside attempts.

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