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Gold price may hike to $1600 per ounce

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It is not a reversal of the trend yet, but a slight correction of gold price after considerable increase. Change of the trend is expected later around $1600 per ounce. The nearest important level is $1450, then – $1375. Meanwhile, the price will be in a short flat to support the Bulls intentions.

Gold price chart
Gold price chart
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Economic calendar / Thursday 18 / April / 06:24pm
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