XAUUSD TECHNICAL ANALYSIS

XAUUSD TECHNICAL ANALYSIS

30 June 2014, 17:00
Sergey Golubev
0
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GOLD TECHNICAL ANALYSIS


Prices are treading water after launching sharply higher last week to challenge resistance at 1321.64, the 38.2% Fibonacci expansion. A break above this barrier targets the 50% level at 1346.78. Alternatively, a turn back below the 1300/oz figure aims for the 1277.00-90 area, marked by April 1 low and the 23.6% Fib.

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