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25 Sept 2014 XAU/USD Gold Analysis

25 Sept 2014 XAU/USD Gold Analysis

Gold, XAUUSD, XAU/USD, Technical analysis, gold price At the bottom of the symmetrical triangle on the daily chart, Gold price fluctuates between 1215-1200

Gold, XAUUSD, XAU/USD, Technical analysis, gold price A retest at the support zone of 1215 -1208 will confirm the rebound of the price of gold

Gold, XAUUSD, XAU/USD, Technical analysis, gold price With the last technical resistance seen at 1232 (as seen at the redline) the current price marks the technical support could see price of gold retest 1220

With only the U.S unemployment claims data later today the likely mover, all eyes are on the support price zone despite the indicators showing the trend firmly bearish. The increased tendency of the U.S to launch a full fledged campaign in Syria may cause rude shocks to the price of Gold as investors shift focus to safer assets.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Slight Bearish / near support119812081212122012321234121012041230

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