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Analisi Tecnica
TECHNICAL ANALYSIS BY NSFX 07.05.2015
HIGH: | LOW:
Breaking through the 181.70 level, and the coinciding downward trend-line connecting The Dec 14 and the Feb 15 highs. We then saw a retest stopping just short of the 185 figure level highs set in Feb/Mar of this year, before pulling back to the current test of support at the 181.70 level
TECHNICAL ANALYSIS BY NSFX 07.05.2015
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 1200 area going forward. Support in the 1100 level area expected should prices drop lower.
TECHNICAL ANALYSIS BY NSFX 07.05.2015
HIGH: | LOW:
Resistance towards the 1.5030 area finally giving way last week, and we could see this level again offering support in the near term. The 200 day SMA and the 1.55 figure level coinciding to see major bearish pressure pushing prices lower to the current area with support towards the 100 day SMA at 1.5080 and[...]