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Apr 29

TECHNICAL ANALYSIS BY NSFX 29.04.2014

By:

High:  Low: 

Gold is trading below all the relevant daily moving averages and is likely a short term range between the 1268 spike and area 1303. Below 1268 the shiny metal might dive to 1223 and then test the double bottom at 1184.  Above 1331 would be created the conditions for a rally to 1387.

R3
R2
R1
S1
S2
S3