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Monday, May 4, 2015

Gold Futures - Jun 15 Weekly Trading Levels

Best Buy & support @ 1186 (Curr resis), Actual Resistance & best short level @ 1197.15, A break above 1208.3 upside target 1232.60 - 1243.60, However a crack below 1177 downside capped @ 1150.60 - 1140

Now @ 1177.40

Daily Trend - Mild Bearish 

Weekly & Monthly Tape Suggests there is limited downside for gold, hence let's stick to our earlier target 1165 & wait for more confirmation for a northward journey
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