/ 

Mar 27

TECHNICAL ANALYSIS BY NSFX 27.03.2016

By:

High:  Low: 

The bullish wave started last December probably is ended if the shiny metal will reach area 1,148 as this price level is very relevant: there is the 200SMA, the 61.8% Fibonacci retracement and also the dynamic demand line that links higher lows. Beneath this level Gold may test its multiyear lows in area 1,043. A brekout above 1,290 can lift the shiny metal to test 1,33o and then  its 2014 high in area 1,380.

R3
R2
R1
S1
S2
S3