Market Analysis - GOLD

Gold declined by 1.27% to close at $1,197.50 an ounce after investors lost confidence in the precious metal as the economy showed signs of growth. Technically, gold has a strong support level at $1,195. Should the price maintain this condition it may retreat towards the resistance at $1,205. If the price declines below support, gold may experience a sharp drop to $1,180 areas once again

So keep your eye on Gold over the next week. Even if Gold drops passed the estimated support level you can still make money in Binary Options.

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