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    XAU/USD: technical analysis on 23.11.2015

    On the daily chart, the price corrected up from the lower MA of Bollinger Bands but failed to break out the EMA13. The price remains below all moving averages that are directed down. The RSI tested its resistance level just on the border of the oversold zone. The indicator formed a Bearish divergence with the price, and suggests there is a room for a further fall. The Composite, however, broke out the longer MA and rising.

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