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05.06.201807:04 Forex Analysis & Reviews: Technical analysis of gold for June 05, 2018

Long-term review

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As seen on the 4 hour chart, gold is moving in a bearish bias. The precious metal is moving in a down slope channel. In a few days ahead, as long as gold does not break out and close above the 1,304.93 level, it will likely test the next support level at 1,281.57.

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