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GOLD March 29, 2016

We remain bearish, targeting SMA50 at 1203.00 and 1200.00 with main targets at 1192.00-1193.00 where 38.2% Fibonacci exists.

Support: 1210.00 – 1203.00 – 1192.00

Resistance: 1220.00 – 1235.00 – 1242.00

Direction: Bearish