Golld turned around and reversed

19 April, 2017

Golld turned around and reversed

The bullish trend remained intact on Tuesday. The price bounced from the upper limit of an ascending channel around 1290 in the Asian session. The spot reached the lower limit at 1280 during the night. The downward impetus lost its leg around the handle. The yellow metal turned around and reversed the half of its losses by noon. The resistance is highlighted 1290, the support comes in at 1280 dollars per ounce.

As the most probable scenario, we consider further moving upwards towards the level at 1290 dollars per ounce. 


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