GOLD at crucial resistance zone

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• Gold nears the falling resistance line. 2nd chart shows price near 100 Day SMA.
• Fib levels shows price above 38.2% Fib level. This area has been acting as supply zone for gold for sometime now. Price breaking and closing above 50% Fib level may give an extended up move. Price closing below 38.2% Fib level will be bearish.
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