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Gold – watch out for a break above $1287
Gold Spot / U.S. Dollar
Gold – watch out for a break above $1287
By TipTVFinance
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May 4, 2016
5
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May 4, 2016
Daily Chart
Resistance
- $1287, $1300-1303, $1310
Support
- $1280, $1270, $1263
Gold dipped to $1278 levels before recovering above flag resistance level of 1280 levels.
With daily RSI sitting well above 50.00 and prices comfortably above key support level of $1263, we may see a break above $1287 (daily high).
In such a case, prices may head higher to $1295-1300 area.
On the downside, $1263 stands as a major support.
Commodities
Gold
trading
TipTVFinance
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