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Aug 19

TECHNICAL ANALYSIS BY NSFX 19.08.2013

By:

High:  Low: 

Gold after the breakout in area 1345 is heading to the higher band of the channel.  Only another breakout can accelerate the gold rally and test in a short time window both the supply line that was generated the 10th October 2012  that is the border between bull and bear market and the 200 SMA daily. Below the lower band of the channel gold could attract bearish market sentiment  again.

R3
R2
R1
S1
S2
S3