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Jul 21

TECHNICAL ANALYSIS BY NSFX 21.07.2014

By:

High:  Low: 

Gold after it went below 1300 rose again above this level and consolidated. A breakout of 1343 will close several short positions and then the spike in area 1391 could be the next significant resistance. Below 1300 the metal could find support on the bullish trendline that was generated at the 1182 market bottom. Below the dynamic support selling pressure should increase and the shiny metal might test again 1182 area.

R3
R2
R1
S1
S2
S3