Gold has failed to touch the key support of 1113.00 on Friday despite the strong bearish movements seen with the NFP.

Prices remain stable below moving averages and below 1136.35, which may cap the movements and keep the bearishness valid.

A break below 113.00 would bring a test of 1097.00.

Support: 1120.00 – 1113.00 – 1097.00

Resistance: 1130.35 – 1136.00 – 1147.00

Direction: Bearish

Posted By: ICN.COMon: September 07, 2015In: Technical Analysis

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