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Gold Analysis 23 March 2015

 

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After FOMC and Yellen’s speech, metals rised a lot and GOLD had reached 1158 – 1177 – 1180. Although for middle term GOLD is in down trend, in short term GOLD i moving up novadays. 1175.41 is an important support level and above this level, GOLD may test 1190.  Traders should watch carefully 1177 and 1190 levels. Breaking both sides will clear the short term trend.

According to us, we will test 1177 again today, if stays above here, 1190 journey will begin.

 

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