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Sep 16

TECHNICAL ANALYSIS BY NSFX 16.09.2013

By:admin

High:  Low: 

Gold today is trading in a narrow trading range of 10$.  Now two scenario are likely: a pullback to 1355 and then test of the lower band of the channel or a temporary distribution of prices and then gold will continue to fall to test 1300 first and then 1272 area.  Bullish sentiment will come back only above 1384 area.

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