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Mrz 08

TECHNICAL ANALYSIS BY NSFX 08.03.2016

By:Nati

High:  Low: 

Gold breaking out of a consolidation area to test the 1280 dollar resistance level last week. A restest of this level seems likely with a break above possibly leading to bullish traders eyeing the 1300 level. A rejection at the 1280 level could once again see bearish sentiment resume and further downwards action. Support near term expected at the 1260 and then the 1240 areas.

R3
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R1
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