English
Analisi Tecnica
TECHNICAL ANALYSIS BY NSFX 21.05.2015
HIGH: | LOW:
Support in the 118.70 area expected the monthly low, a break below could target the 118 figure and then possibly the 117.20 area to the downside. Resistance tested when bullish traders reentered the market towards the 119.80 to 120 figure level, and finally pushing through the 120.85 level, which could now act as support.
TECHNICAL ANALYSIS BY NSFX 21.05.2015
HIGH: | LOW:
Breaking through the 185 figure level of resistance, we now could see that level as an area of support . Bullish traders pushing past the 187.70 resistance level on Tuesday of last week, and we have could see a retest of the December high should bullish sentiment resume.
TECHNICAL ANALYSIS BY NSFX 21.05.2015
HIGH: | LOW:
Should the price of gold decline further we could see the development of a head and shoulders pattern on the daily chart. Resistance expected towards the 1225 area going forward. Support in the 1200 level area expected should prices drop lower.