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Oct 12

TECHNICAL ANALYSIS BY NSFX 12.10.2014

By:

High:  Low: 

1182 support area worked well and the commodity rallied nearly the 1240 static resistence. Above this level the shiny metal might rise to 1300 where now is located the 200SMA.  Below 1182 prices should develop a bearish wave that will bring Gold to a bear market with 1100 and then 1000 as a relevant support levels.

R3
R2
R1
S1
S2
S3