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Mar 05

TECHNICAL ANALYSIS BY NSFX 05.03.2014

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The shiny metal closed the gap opened on Sunday night and today is trading in a 6$ dollar range and the magnitude of this session will likely become wider.  Above 1363 the commodity might rise to 1400, then to August top at 1437.  A retracement could bring  Gold to test the 200SMA at 1300 and then the demand line generated from the December bottom.

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R1
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