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Gold direction-less between $1286-1300

01/14/2019
at 6:25 AM

Gold formed inverted hammer on Friday closing above the pivot point. The metal has critical support at $1286 which if broken, can lead the price to $1260. Alternatively, breaking above $1300 will invalidate the bearish to neutral outlook and precious metal can become strongly bullish. 

Technical Levels

R1: 1293.72
R2: 1298.98
R3: 1302.74

S1: 1284.70
S2: 1280.94
S3: 1275.68

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