Update: Gold extends its gains
Economies.com
2016-02-04 16:53PM UTC
Gold price continued its bullish rally to breach 1150.56 level and close the last four hours’ candlestick above it, which opens the way to continue the bullish trend in the upcoming period, and the price needs a daily close above the mentioned level to confirm heading towards 1182.80 level as a next main station.
The bullish bias will be expected for the rest of the day supported by the EMA50, unless breaking 1150.56 level and trading below it again.
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