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GOLD Breaks upward channel | June 5, 2017



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After NFP, gold has found strong bullish momentum. We can expect some bullish movement on Gold. As long as this pair stays above 1274 level, it can go up more and target will be 1290 level. Short time buy can be expected above from 1274-75 zone. We need to wait for a little retrace to enter buy again. 

The stochastic indicator shows overbought. Now, we can expect short term sell and then buy again. For every pull back, we need to catch the bullish rally. Buyers can target 1292 as their take profit zone.



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