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GOLD: Pull back from support level | February 12, 2017



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Gold has rejected from recent broken level. Now it has started bullish movement again. Expecting bullish movement in next week. H4 is showing bullish strength on this pair.

Stochastic indicator is showing upward movement from oversold area. Now we can expect bullish rally upto 1244 resistance. If this resistance can be broken, more upward movement can be seen in near future.

Gold is still above 100 and 200 EMA on h4 time frame. So we should look for buy as gold is still on uptrend on h4. So it is better to look for buy above 1221 support level


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