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Feb 22

TECHNICAL ANALYSIS BY NSFX 22.02.2015

By:

High:  Low: 

Gold closed last Friday just above 1200 and below this level it might test the medium term demand line that links higher lows. If this dynamic support should fail, the shiny metal might reach 1132 area, the 2014 low. In case buyers will lift the commodity, it might test the 55EMA, now at 1236. Above 1258 Gold can reach 1300, a level traded last month.

R3
R2
R1
S1
S2
S3