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Analisi Tecnica
TECHNICAL ANALYSIS BY NSFX 14.05.2015
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 pushing through to test but failing to breakout.
TECHNICAL ANALYSIS BY NSFX 14.05.2015
HIGH: | LOW:
Breaking through the 185 figure level of resistance last week, we now could see that level as an area of support . Bullish traders pushing past the 187.70 resistance level on Tuesday, and we could now see a retest of the 2014 high.
TECHNICAL ANALYSIS BY NSFX 14.05.2015
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 1220 area going forward. Support in the 1200 level area expected should prices drop lower.