Gold: Daily Trend Remains Up
Petros Steriotis | Oct 20, 2014 05:51AM ET
Gold’s technical rebound from its long-term support at $1.183 has led price to the $1.240 region. The daily trend remains up as long as price is higher than $1234. However, there is significant resistance at $1.250 (last week high), $1.265 and $1.280. I expect price to move down from current levels.
Gold, 5-hour chart:
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