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Mrz 27

TECHNICAL ANALYSIS BY NSFX 27.03.2016

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The bullish wave started last December probably is ended if the shiny metal will reach area 1,148 as this price level is very relevant: there is the 200SMA, the 61.8% Fibonacci retracement and also the dynamic demand line that links higher lows. Beneath this level Gold may test its multiyear lows in area 1,043. A brekout above 1,290 can lift the shiny metal to test 1,33o and then  its 2014 high in area 1,380.

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