Gold – The symmetrical triangle has been broken to the downside

• Gold has broken the support implied by its recent low at 1273 (21/08/2014 low, see also the symmetrical triangle). An hourly support lies at 1258 (17/06/2014 low), while a more significant support stands at 1240. Hourly resistances can be found at 1280 (27/08/2014 low) and 1297 (28/08/2014 high). …

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