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Aug 10

TECHNICAL ANALYSIS BY NSFX 10.08.2014

By:

High:  Low: 

Gold is trading in a symmetric triangle and thus is reducing its volatility. A bearish breakout will bring the price to test the multiple bottom in area 1182 and a positive breakout could lift the commodity to 1430 area, with intermediate resistance at 1383.

R3
R2
R1
S1
S2
S3