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Mar 12

TECHNICAL ANALYSIS BY NSFX 12.03.2014

By:Nati

High:  Low: 

Gold currently meeting strong resistance in the 1360 dollar per ounce area, with this level seeing offers in late October of last year, following which we saw a decline when the metal was rejected at this level. Currently seeing a monthly range between this resistance level and support towards 1330, and a breakout from this area could see an increase in volume as breakout orders are triggered.

R3
R2
R1
S1
S2
S3