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    Daily analysis of GOLD for February 25, 2016 2016-02-25

    GOLDDaily.png

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    Overview

    The chart above demonstrates that trading above 1,219.00 levels may help bulls resume their northern trip towards 1,260.00, which represents Fibonacci of 61.8%. Therefore, it encourages us to keep our bullish overview on the intraday and short-term bases. Remember that breaching the 1,263.23 level will push the price towards 1,300.00 directly; while the positive scenario will remain valid unless breaking the 1,180.86 level and holding below it.

    The expected trading range for today is between 1,210.00 support and 1,260.00 resistance.


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