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Gold Spot / U.S. Dollar

Get ready to take profits on GOLD - Take profit around 1740

By arnaudzocca
Last week I advised a Long trade on GOLD that has worked perfectly. Even if Gold is a good long term play, we can expect downside pressure around 1740. There is around this level a weekly pivot, and resistance oblique level and the 161% fibonacci level (extension) of the previous move.
Chart PatternsgoldtargetTechnical IndicatorsTrend Analysis

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