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FTE1995

GOLD - Finding support @ 200 MA + 1500 level, 1510 near term res

Long
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
FTE1995  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Technical Indicators
24
0
trendanalysis indicator
- As shown in the chart after the NFP result, gold sold off, breaking through both the 1500 psychological level + 200 MA

- Price has now reversed and closed, with the 200 MA + 1500 level acting as support

- May see a bounce from this level in the near term

- Would need to break through the 1510 resistance barrier to confirm bull in the short term
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