TheWizardsZone

Gold: Confluence of Support

TVC:GOLD   CFDs on Gold (US$ / OZ)
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Gold has confluence of support around the current levels...

1. Support of the falling Channel (Blue Parallel Lines)
2. Support of the rising 2 year trend-line (yellow line)
3. 38% Fibonacci Retracement Levels.

If USD1,700 hold on gold , we can see a strong bounce from here

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