Upward movement started in December last year introduced price from around 1050 USD per ounce to over 1,263 USD, which took place at the end of last week and then began a downward correction, which brought the price of gold in the area 1200.00.

In the mentioned place is a horizontal support, but also the dynamic support provided by the 8-day exponential moving average. In addition, the support area appeared to signal price action in the form of a pin bar formation, which indicates the possibility of returning to the increases, perhaps in the vicinity of the recent highs. This gives the opportunity to consider the transaction on the growth (CALL option).16-02-16-GOLD

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