16.05.201806:16 Forex Analysis & Reviews: Technical analysis of Gold for May 16, 2018

Long-term review

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At the 4-hour chart Gold is now trading in a bearish bias. As We can see the Stochastic Oscillator is already at the oversold level and is going upward. This will indicate that the price will test the resistance level at 1,305.75 or the upper channel before the gold price will go down again.

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