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Jan 04

TECHNICAL ANALYSIS BY NSFX 04.01.2015

By:

High:  Low: 

The commodity went below both its 21SMA and 55EMA, but the dynamic support generated last November still valid. A breakout above 1230 can lift the shiny metal above its 200SMA to 1274.  Below the short term bullish trendline, Gold should test again its 2014 low at 1130 and then 1060.

R3
R2
R1
S1
S2
S3