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Aug 26

TECHNICAL ANALYSIS BY NSFX 26.08.2013

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The shiny metal just bounced back from 1400 area, but today if buyers will be confident about the trend it is possible to test area 1422, a coincidence of the highest band of the channel and the static area where gold traded last May.  A retracement down to 1340 could be considered a consolidation of the trend. Intermediate  bearish operators will start to be active below 1272 area.

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