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Technical Analysis – Gold eases after sharp upward move earlier in the day

Gold is heading south over the last couple of hours, while it started the day in green. In the 4-hour chart, the precious metal is developing within the 50.0% and 61.8% Fibonacci retracement levels of the downleg with the high of 1366 and the low of 1307. The price struggled within 1336 and 1343 after the aggressive jump towards 1340.90 during today’s European session. In the near-term, the Technical indicators suggest that negative movements are more likely

The post Technical AnalysisGold Eases after sharp upward move earlier in the day appeared first on currency-forex-news.



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Technical Analysis – Gold eases after sharp upward move earlier in the day

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