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    Gold analysis for April 01, 2015

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    Overview :

    Since our last analysis, gold has been trading downwards. As we expected, the price has tested the level of $1,203.37 in a high volume. Accoridng to the daily time frame, we can observe demand in an average volume. I found strong resistance level at the price of $1,209.00 to $1,218.00. If the price breaks the level of $1,218.00 in a high volume, we may see potenteial testing of the level of $1,244.00. Anyway, be careful when selling gold at this stage since we have a weak supply in the background.

    Daily Fibonacci pivot points:

    Resistance levels :

    R1: 1,188.74

    R2: 1,191.66

    R3: 1,196.40

    Support levels :

    S1: 1,179.22

    S2: 1,176.35

    S3: 1,171.60

    Trading recommendations: Be careful when selling gold at this stage since we have a weak supply in the background.


    Petar Jacimovic neemt deel aan de "Analyst of the Year" onderscheiding georganiseerd door MT5.com portal. Als u zijn artikel goed vindt, stemt u dan op hem.

    Uitgevoerd door, Analytische expert
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