Gold Intraday 11-04-14 Gold rose by 0.53%, closing at $1318 an ounce as US indices declined sharply. Technically, according to the 4-hour chart, gold failed to breach the resistance of $1,323, which is also the 38.20% Fibonacci Retracement level. As long as gold remains below this level, it is expected to fall to around $1,310. However, breaching resistance may lead gold to test $1,336 as the next resistance level.
Posted on: Fri, 11 Apr 2014 07:18:38 +0000
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