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Jul 13

TECHNICAL ANALYSIS BY NSFX 13.07.2014

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High:  Low: 

The shiny metal is trading above the most relevant daily moving averages. After the breakout made at 1330 the commodity might test 1362 and then 1391. Target of this rally would be the 12 months top at 1429. If gold should fall below 1330 then might test the area 1300-1280 and below there is a bullish trendline that links higher lows that was generated from the last trading day of 2013.

R3
R2
R1
S1
S2
S3