Chart of The Day $GOLD 2-01-2017

On the GOLD daily chart, we can see that the instrument is retesting downtrend Pitchfork channel median line 1215 level. This is strong downside support just below 100 SMA 1232 level. Only on the break above this level, we could see a test of 1250. Break below 1200 is needed for a retest of 1170 strong downside resistance

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