GOLD Trading Forecast for February 13, 2017

FX:XAUUSD   Gold Spot / U.S. Dollar
Because it's still contained inside a bullish channel (red), we are expecting for the price to go up. It might target the 1270 area, which is the 100% equivalent of the previous uptrend. If in the event it will break outside the parallel line, the price may automatically go down.

Happy trading everyone!


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