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GOLD Weekly Technical Analysis | December 28, 2014



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GOLD is staying above support area. 1178-1184 is now acting as good support and bullish bias for this pair. On H4 time frame, gold is above 200 EMA. So this moving average can act as good support for gold. On H8 time frame, we can see bullish sign on MACD. So we can go for buy entry for short term. Target will be 1120 area.


Weekly Pivot, Support and Resistance

Resistance Two (R2): 1221

Resistance One (R1): 1208

Pivot Point: 1189

Support One (S1): 1177

Support Two (S2): 1158


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