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Apr 27

TECHNICAL ANALYSIS BY NSFX 27.04.2014

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Gold closed on Friday above 1300 and is trading above its 21SMA, 50EMA and 200SMA as well. This is a bullish signal for the shiny metal and the first test would be at 1330 then at 1363. In case sellers will bring down the price a distribution below 1279 would increase short sales.

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