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Analisi Tecnica
TECHNICAL ANALYSIS BY NSFX 05.05.2015
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 05.05.2015
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 support at the 181.70 level.
TECHNICAL ANALYSIS BY NSFX 05.05.2015
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 breaking when further bullish traders reentered the market towards the 119.80 to 120 figure level, and pushing through. Could be an area of support going forward.