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Aug 23

TECHNICAL ANALYSIS BY NSFX 23.08.2013

By:

High:  Low: 

Gold this week traded in a range 1383-1350,  there was not enough selling pressure to test the 1340 test. In case should happen it is likely to see spikes in the candles  because it is the classic “buy on pullback” scenario during an intermediate positive trend. The target of this trend could be 1500 area. Only below 1272 sellers can be in control again.

R3
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R1
S1
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S3