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Gold Technical Chart | 09-Oct-2012

 Let us discuss the technical chart of Gold on H4 timeframe, using Doda-Donchian indicator.

Gold Technical Chart
Gold Technical Chart


Gold is currently trading @1779.16. It managed to get support around 1769. Now, it will surely break its resistance of 1781.20 - 1781.92. Take only long position in Gold. Its weekly chart is also bullish. Avoid short-selling here.



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