On monthly chart, Gold show bearish trend since october 2012 with support at 1175 and resistance at 1422. This support touched in june 2013 and the price back to go north and hold by resistance and back to south. This support will hold the price and when its breeak, this price will go to next support at 1000 (998)
On daily chart, we can see a bearish channel to indicate bearish trend limit by support at 1175 and minor resistance 1262.
This pair will consolidate in this range before decide to go …
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