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Aug 30

TECHNICAL ANALYSIS BY NSFX 30.08.2013

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After the coincidence of the Doji candlestick and the dynamic resistance gold now might trade below 1400 and find support either on 21SMA or on the lower band of the channel. Below 1271 selling pressure might increase its intensity. The most important test to assess the typology of this bullish trend is the supply line in area 1500.

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