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Gold Targeting 1,760 Level

2012-11-23 12:08:45 (читать в оригинале)

Technical Outlook and Chart Setups:

The above structure suggests that yellow metal is poised to register fresh highs around 1,760/65 levels soon. As depicted above, at least two higher highs have been carved out above 1,672 levels, i.e. 1,705 and 1,719 respectively. Furthermore, resistance begins from 1,750 level through 1780/85. If a technical break above 1,735occurs the pair will rapidly reach 1,760/65. Please note 1,705 remains key at the moment, which could be the right shoulder of inverse head and shoulder being carved out. Look higher for now.

Trading Recommendations:

Hold long positions taken earlier, stop at 1,695 or breakeven, and target is open.

Good Luck!

The material has been provided by Instaforex Company - instaforex.com