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Feb 15

TECHNICAL ANALYSIS BY NSFX 15.02.2015

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The commodity made a pullback on both the 55EMA and the 200SMA. Now it might test the medium term demand line that links higher lows. Below this dynamic support the rate can test 1130 area. In case selling pressure will bring the price below this area the shiny metal might test 1070. A bullish breakout above the 200SMA can lift Gold to test the short term supply line that was generated the 22nd of January. Volatility still near its 6 month high.

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R1
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