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May
16
TECHNICAL ANALYSIS BY NSFX 16.05.2014
By:
High: Low:
Gold could not rise above the higher side of the symmetric triangle. All relevant moving averages are flat and there is a compression of volatility. A bearish wave could lead to test the double bottom at 1182 and if buyers should lift the metal it might test 1330 and then the 2014 top at 1387.
R3 | |
R2 | |
R1 |
S1 | |
S2 | |
S3 |