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GOLD Weekly Technical Analysis 25-29 January, 2016 | January 24, 2016



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Gold is fighting with resistance level. It has rejected from 1110 level. Now gold is staying below this resistance. Below this resistance level, we can stay on sell mode on gold.


On h1 time frame, gold has formed a triangle. With the breakout of this triangle we can go for according to the breakout side. If it can break 1105 level, then next target will be 1111 and then 1126 level. If it can break lower side of this triangle then gold can fall more and target will be 1080 level. So we need to wait for successful breakout of gold


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