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Gold Technical Chart and Analysis 5th December 2017
Gold is tested its crucial resistance level around 30-DMA at $1279.7. Now market is expected to start its negative rally towards $1268.6, followed by $1267.0 (200-DMA). However, a correction will be limited at $1283.9 (14-DMA). The Stochastic Oscillator has continued to decline, supporting a bearish view.