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GOLD Technical Analyses as on 26-04-2017
Home / GOLD Technical Analyses as on 26-04-2017

The Yellow metal ticked down sharply yesterday, placed low 1262.70 and closed near 1265. Currently its trading below the moving average 100 days in h4 graph. Gold is finding support near 1245, bullish trend line acting as a support  in daily graph and the SMA 200.
Technically gold seems to go down again today , 1270 area can be considered as a better selling area for the yellow metal.
Selling Area: 1270
Expected Targets: 1260/1255
Stop Loss: 1275
Pivot Point:  1269.20
Key Supports Levels:
S1 1259.0000
S2 1252.5000
S3 1242.3000
Key Resistance Levels:
R1 1275.7000
R2 1285.9000
R3 1292.4000

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