Forecast and technical analysis of Gold futures on January 7, 2016

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The price of gold continues to move upwards, as signaled by the purple bars Heiken Ashi indicator. Senior Channel directed downward, indicating that the downward direction of movement of the global trend. Junior channel turned up, which means the upward direction and in the medium term. At the moment the price is above the moving average and higher than Murray's "6/8" indicates that the upstream traffic in the near future.

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