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GOLD - Weekly Report
By icn.com
Short Term trend: Sideways
Intraday Bias: NeutralGold has retested the descending resistance for the bearish wave from 1433.00 high, which meets the 50-days SMA around 1350.00 level, where price should break above this resistance area to confirm further upside for the week. Accordingly, the bias remains neutral until a breakout of this range materializes.
** Short term Trend (Trends that last from two weeks to two months)
** Chart is based on GMT+2 timingNotes:
*if price reaches within 20% from target before triggering entry, signal is canceled and not valid anymore.
*Support and Resistance levels should be treated as regions not precise numbers
Support 1335.00 1330.00 1317.00 1313.00 1305.00
Resistance 1344.00 1352.00 1358.00 1368.00 1375.00
Recommendation Neutral
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