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Mar 22

TECHNICAL ANALYSIS BY NSFX 22.03.2015

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Gold made a multiple bottom in area 1144.25 and then it rose to 1187 to make a pullback against the trendline generated last November. Above the short term supply line the shiny metal can rise to 1258. Below  1131 the first relevant support will be 1100.  The last time that the RSI indicator left the oversold level was  November 2014 and the commodity rallied 280 dollars.

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