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Technical analysis for Gold for April 11, 2019

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Gold price continued its upward move towards our first short-term target of $1,310-15 area. Price back tested the support area at $1,300 and bulls confirmed their control of the short-term trend by staying above $1,300. In our previous analysis, we warned about the bullish divergence signs and that if price were to recapture $1,300, we should at least see a bounce towards $1,315.

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