TECHNICAL ANALYSIS BY NSFX 06.04.2014
Gold found support at 1280 and rose to 1302. It was important to close the week both above 1300 and the 200SMA. Next test the 21SMA at 1324 and then the static resistance at 1363. In case the commodity should drop below 1300 it might test again 1278 and below this level selling pressure should accelerate to test 1235.