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Dec 21

TECHNICAL ANALYSIS BY NSFX 21.12.2014

By:

High:  Low: 

Gold made a pullback on the static support at 1182 and is below both the 21SMA and 55EMA. A breakout above those 2 dynamic levels could lift the commodity to 1258 and then to 1280 where the shiny  metal will test the supply line that links lower highs during the 2014 downtrend. Below 1182 there is a demand line that was generated in November.

R3
R2
R1
S1
S2
S3