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Forex – Spot Gold


Forex – Spot Gold
During the trading hours yesterday, the spot Gold was in range 1629.30-1647.70 USD. This morning the precious metal is trading at 1635.30-1641.30 USD. According to Forex analyses, if spot Gold breaks the resistance levels at 1641.30-1647.70 USD, the aim will be reaching and testing the zone 1654.10-1661.25 USD. If it is successful, the upward trend will continue to 1665.05-1670.00 USD. If the precious metal drops below the support levels at 1635.30-1629.35 USD, it will try to find a next support at 1621.50-1616.70 USD. In case of breaking down, the downward trend will continue to 1608.20-1601.35 USD.

This entry was posted on Monday, January 16th, 2012, 11:01 am and is filed under Spot Gold. You can follow any responses to this entry through RSS 2.0. You can leave a response, or trackback from your own site.

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