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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 February 03, 2017

GOLDH4.png

Overview

Gold price keeps its stability above the support base formed above the previously breached resistance line that appears on the chart. Meamwhile, stochastic begins to provide positive overlapping signal on the four-hour time frame, which supports the continuation of our bullish overview for the rest of the day. Wait for head towards 1,249.94 that represents our next main target. Let me remind you that holding above 1,206.00 represents the first protecting factor to the continuation of our positive overview. Today the expected trading range is between 1,200.00 support and 1,230.00 resistance.

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