Technical analysis
Albert Fitoussi
The gold broke the intermediate support of its medium term bearish channel in 1580 leading to an acceleration. A pull back on these levels is expected before a resumption of bearish.
According to previous events, the market indicates a bearish opportunity on the levels of 1580 with a 1st objective of 1570, then 1560. A break in 1582 would invalidate this scenario.
http://instaforex.com/forex_analysis/47017/?x=OUE
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