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26 Sept 2014 XAU/USD Gold Analysis

26 Sept 2014 XAU/USD Gold Analysis

Gold, XAUUSD, XAU/USD, Technical analysis, gold price Gold retested 1208 support

Gold, XAUUSD, XAU/USD, Technical analysis, gold price The double bottom retest of the Gold prices looks to resist at 1226

Gold, XAUUSD, XAU/USD, Technical analysis, gold price Lower high and lower low looks set to continue with the candles trading near the 200 hourly average

The U.S reassured Syrian President Bashar al-Assad that airstrikes launched by Washington are not aimed at Syria’s sovereignty and Assad’s regime, but only towards the extremists’ safe havens. The return of demand for safe haven assets like gold has coincided with the announcements and the probability of an extended campaign and expenditure on maintaining peace in the region. Gold failed to fall below 1208 twice this week and looks likely to retest 1226-1232 resistance, with 1215 the median support price a key indication to how the price of gold will end up this week.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Slight bullish120812151220122612321241 121512071240

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