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Gold Technical Chart and Analysis 7th November 2017
Gold registered a lower high which indicates momentum is weak. Moreover, the MACD has continued to decrease, suggesting a bearish sign. The downside target will be at $1276.5 (100-DMA). However, any upside above 30-DMA standing at $1280.0 will call off the above target and the market will continue its bullish rally towards $1285.50.