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Analysis of Gold for October 12, 2017

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Analysis of Gold for October 12, 2017 Empty Analysis of Gold for October 12, 2017

Post  Admin on Thu Oct 12, 2017 1:34 pm

Recently, Gold has been trading upwards. 
The price tested the level of $1,297.50. According to the 15M time - frame, I found a successful testing of solid support at the price of $1,294.00, which is a sign that selling looks risky. The ADX indicator is above 30 level, which means that buyers are in control. My advice is to watch for potential buying opportuntiies. Upwards targets are set at the price of $1,297.50, 1,299.70 and $1,305.00

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