FX & CFD trading involves significant risk
Gold moved back below the former 11-week resistance line, yesterday. Currently price tests today's res level at $1409.4 but failed to break above. The 11-week resistance line remains key and there is a chance for a sustained move above. Daily studies are becoming more neutral with stochastic showing a sell-signal. Initial support seen as the rising channel base from Jan 28 at $1391.80.
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