Gold Declines Gradually, Trading Below 1114.00. 05.11.2015

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Gold declines gradually, trading below 1114.00, which is a negative catalyst and would bring more bearishness.

Gold Declines Gradually, Trading Below 1114.00. 05.11.2015

Areas between 1104.00 and 1100.00 should be taken out to prove extending the bearishness, while a breakout above 1123.00 will cause failure for bears.
Support: 1104.00 – 1093.00 – 1080.00
Resistance: 1114.00 – 1123.00 – 1130.00
Direction: Bearish.