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Sep 02

TECHNICAL ANALYSIS BY NSFX 02.09.2013

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Gold is doing a retracement that is also a moment to take a breath. Short term traders likely they shorted the shiny mental in area 1431 with target  the test of 55EMA or the lower band of the channel. If the channel should not work well as  bullish trend then a lateral market will be quite likely than a selloff. In case the trend should continue on the upside 1500 is the first important target then the dynamic supply line.

R3
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R1
S1
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