GOLD IS READY TO REBOUND

After  continous fall in the last of 30 days,the faith on the precious metal it seems will back,at least for the next period.Today I'll make a technical analysis for the next period(23-27 november 2015).

The gold price closed at 1077.100 $ per ounce,at this price we can think to initiate buy orders,starting when price will pass level 1080.00 which represent the rezistance line.First profit target will be somewhere near 1100$  which is coresponding fibonacci 32,8%,I can go further and say the next profit target to 1130$/ounce and stop loss outside 1070 it's safe place.

The importance event for the next week will be US Preliminary GDP on tuesday 24 november which is forecast 2% growth.

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