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FxWirePro
May 26, 2015 8:07 AM

Gold is trading below 200 4HMA,decline till $1172 is possible  Short

Gold/U.S. DollarFXCM

Description

Gold has broken short term support $1199 (200 day 4HMA) and this confirms short term weakness, decline till $1171 is possible.

Intra day resistance is around $1207. Any break above would extend gains till $1215/$1225.

We prefer to sell around $1197-1199 SL around $1207 for the TP $1178/$1172
Comments
pankaj7220
Hello Sir,
Thanks for Gold TGT $1172
suggest me best indicator with time frame, please Sir....
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