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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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Daily analysis of Gold for September 27, 2017

GOLD-3.18H4.png

Overview

Gold price continues its decline to approach our main target level at $1,281.17. Please note that it is important to monitor the price until the target level is reached. In case it is broken, the metal will extend the correctional bearish wave to reach the next downward target at $1,263.15. In general, we still suggest the bearish trend for today unless the price manages to breach $1,299.20 level and hold with a daily close above it. The expected trading range for today is between $1,281.00 support and $1,305.00 resistance.

The material has been provided by InstaForex Company - www.instaforex.com