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Gold is getting ready for hell



Gold closing below 29160 that is main support of consolidation pattern and signalling more bearishness. 29270-29370 areas will remain strong resistance and fall may extend till 28700-28600 to taste descending support of parallel channel. MACD below zero line and 14 RSI holding below 50 line supporting bearish outlook.

Resistances: 29270-29370-29440
Supports: 29100-29900-29600

Recommendation:  selling gold around 29180-240 for targeting around 28900-28700 with stop loss above 29310 might be appropriate. 
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