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Gold - Technical Analysis Forecast


  • The average true range is at 13.334
  • It seems that there is a very strong support level at 1300. The price has failed to break through this level in 2018
  • The support level at 1300 will likely hold in the coming month given that the volatility in gold is moderate

  • Now using the fibonacci retracement levels i can predict that the next move will be upward.
  • I will use the 2018 highs and lows to set up the retracement levels
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TarMarHan has taken 7th place in Article Contest Feb 2018

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GBPCAD - 1 May 2018 Technical analysis forecast


  • The bollinger bands are as follows, upper band at 1.84671, middle band at 1.80848 and lower band at 1.77218.
  • The bands are upward sloping and the ATR is at 0.01393.
  • The direction on the pair is upward and i expect it to continue on that path as indicated by the lines
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