TECHNICAL ANALYSIS BY NSFX 20.03.2016
The commodity found support on the 21SMA and may test the 2016 high in area 1,282. Above this level the shiny metal should test near 1,307. A breakout of this area can lift Gold to test the supply line generated from the historical top. The dynamic resistance should be in area 1,370. In case of a retracement below the 21SMA the commodity may drop to 1,200 and then test the dynamic trendline and the 200SMA as well, both in area 1,120.