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Dec 28

TECHNICAL ANALYSIS BY NSFX 28.12.2014

By:

High:  Low: 

The commodity found resistance against its 21SMA and 55EMA as well, both of them now at the same level. A breakout above 1238 can lift the shiny metal to 1280 area. If Gold should trade below the short term trendline generated from its 2014 low, support levels are likely to be in area 1131 and and 1070.

 

R3
R2
R1
S1
S2
S3