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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.
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R1 |
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S3 |