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Dec 14

TECHNICAL ANALYSIS BY NSFX 14.12.2014

By:

High:  Low: 

The commodity rose above the short term supply line that was also the higher side of a symmetrical triangle. The first resistance is the 200SMA, now at 1258.7 and then the medium term supply line, now at 1280. Gold might found support on the 21SMA and on the 55EMA as well, that at the moment are very close in area 1200. Below this level the shiny metal could test the lower side of the triangle that is also a short term demand line in area 1150.

 

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