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justatrader
Nov 15, 2016 7:30 AM

Gold retracing to 1270 Long

Gold/U.S. DollarFXCM

Description

1 hour chart time frame for gold. Any upside should be likely limited to the 1250 - 1260 handle. Anticipating a hidden bearish divergence near this minor resistance which will see gold fall back to 1228. If there is a bullish divergence here with the Stochs making a higher low, it would be the right signal to go long, targeting 1270.
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