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Mar 08

TECHNICAL ANALYSIS BY NSFX 08.03.2015

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High:  Low: 

The commodity broke the demand line that was generated 4 months ago and it might test area 1131, the 2014 low. Below this level area 1070 and then 1000 will be the next relevant supports.  If Gold would make a pullback at 1201 and then rise above this level it might test 1240 area. The RSI indicator just went below 30, thus the shiny metal can be considered oversold.

R3
R2
R1
S1
S2
S3