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The Gold prices were generally following the currency markets, therefore had a positive dynamics, but investors were inactive due to announce of the pending decisions of EU summit, which starts on Thursday. The good news for gold was that the Gold Fields company, the South African gold producer announced the completion of an unauthorized strike at the mines in South Africa. Also, the gold’s ETF rose by 16,700 ounce on Tuesday confirming demand for an asset. The November futures of gold grew by $ 7.80 to $1752.90 per troy ounce on COMEX today.
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Gold rebounded to the upside, achieving the targets suggested before, but the bullishness stopped around the barrier of 1582.00, where the metal reverses to the downside now, affected by the negativity of Stochastic. But, in general, the intraday upside move might extend today, targeting 38.2% Fibonacci correction as shown above, as a breach of this level will support the metal to move towards 1599.00 and then 1616.30.
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Gold closed last week at 1289.8, the weekly received a long under the shadow line, K - line form a bottom characteristics, resistance is 4 hours in the downward trend line 1295. Support 1280, next week I choose bargain buy, buy near 1280, 1262 stop loss, profit only 1310
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The cost of the gold made another test for the basic help level at 1300.00, which holds against the value endeavors to decay, and that keeps the odds legitimate for accomplishing a held up intraday bullish bounce back, and the objective is retesting 1352.00 then 1375.00. By and large, outperforming one of the previously mentioned dimensions is required to affirm the following pattern, where breaking the referenced help will make the bearish wave stretches out to achieve levels close 1200.00, while rupturing the opposition will turn the cost back to the bullish track, and the objectives start at 1450.00
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gold, prices yesterday moved sideways only very weakly. and seems stuck in low daily yesterday. MA daily, weekly and MA are still pointing to a downtrend. however small steering already docked and weakened. likely the price will go up to the 1291.34. but if it fails to penetrate the daily low yesterday.
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Gold ek bohat hi acha or bohat hi zaida move karny wala pair ha is pa trade kar ka hamay bohat jaldi bohat sara profit be ho sakta ha or bohat sara loss be ho sakta ha is liye hamay is ma bohat learn kar ka trading karna hoty ha.
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gold aj ki price men kafi up ja raha he is time ke price 1268 aur mere analysis k hesab se ye aj ki price men kafi down level tak jaega sport level pehla ye rahega 1240 is price tak aur dosra sport level 1256 ye hoga aur normal price 1262 ye rahege aj ke
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my dear sir Gold closed last week at 1289.8, the weekly received a long under the shadow line, K - line form a bottom characteristics, resistance is 4 hours in the downward trend line 1295. Support 1280, next week I choose bargain buy, buy near 1280, 1262 stop loss, profit only 1310
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Today analysis
gold
Trend buy
Support level 1: 1262
Support level 2: 1258
Support level 3: 1250
Resistance level 1: 1274
Resistance level 2: 1279
Resistance level 3: 1285
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we can see that the gold has closed it's daily candle above 1290.00 . so , that's means that up trend is expected and the pair might head to 1270.00 and then 1260.00 ,but also the hourly correction is expected before continue in the up trend