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Sep 04

TECHNICAL ANALYSIS BY NSFX 04.09.2013

By:admin

High:  Low: 

Gold has since late June formed a decent bull channel, which could be extended should we manage to take out the 38.2% Fibo retracement in the wave from 2012 highs to 2013 lows at 1415.5. Next resistance at 1435 before 1456. On the downside the 100-day SMA at 1460 should provide support before trend support at 1337.

R3
R2
R1
S1
S2
S3