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Jan 11

TECHNICAL ANALYSIS BY NSFX 11.01.2015

By:

High:  Low: 

Gold is very close to test a medium term supply line that was generated last October. This dynamic resistance is also the higher side of the triangle that has as a lower side the bullish trendline generated the 7th of November. Below the 2014 low 1132 the commodity might test 1060 and a breakout above the long term supply line can lift the shiny metal to 1320.

R3
R2
R1
S1
S2
S3