Since last week Gold has continued its downward trend targeting 1140 and 1100. It seems that this commodity is trading around 1215 at the moment but will fall to lower levels breaking 1190. The resistance level is staying at 1240 with support at 1212. Bearish trend is most likely for now but there will be a pullback pretty soon so buyers must be careful about their positions and can wait for the 1100 and 1150 to open their orders.
Technical analysis of Gold dated 28.03.2016
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