Gold should touch 1,241.40

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The gold charts have been fully reviewed. In general, the situation is pretty simple.  

The commodity price is retracing downwards in the borders of a larger pattern. The descent is expected to continue until the end of next week.  

Meanwhile, the rate recently encountered the lower trend line of the channel down pattern that is guiding it. Due to that reason it has found strength for a short term surge. Most likely the surge will reach for the 1.241.40 level, where a pivot point is located at.
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Mon, 17 Dec 2018 06:48:11 GMT

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Fri, 14 Dec 2018 10:41:16 GMT

USD/JPY might reach 114.40

USD/JPY is slowly but steadily continuing its surge upwards. By the middle of Friday the pair had made three attempts to surge above the resistance of a pivot point level at 113.60.

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