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Aug 24

TECHNICAL ANALYSIS BY NSFX 24.08.2014

By:

High:  Low: 

Gold is trading close the lower side of the symmetrical triangle. Below this dymanic support the metal might test 1239 and then the multiple bottom in area 1182.  Above 1300 the commodity might find confidence to test the higher side of the triangle and a breakout might lift gold to 1346 and then to 1392.

R3
R2
R1
S1
S2
S3