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Aug 20

TECHNICAL ANALYSIS BY NSFX 20.08.2013

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High:  Low: 

After more than 200 dollars gain gold is not without breath but needs to take rest: the confirmation of the 1340 support and then consolidation above that level could bring bullish traders and long term investors as well.  The supply line the links decreasing tops is 100$ away from current market price. A breakout above that level will put gold on long term bullish trend. Only below 1272, thus below 21SMA, 55EMA  and the lower band of the channel gold likely will test again area 1169.

R3
R2
R1
S1
S2
S3