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Mar 29

TECHNICAL ANALYSIS BY NSFX 29.03.2015

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High:  Low: 

Gold rose above the trendline that was useful as a pullback. This breakout lifted the shiny metal near its 200SMA near 1222.  A consolidation above the 200SMA can create positive market sentiment and the commodity might test 1258 and then 1309. Below the flat 21SMA, now at 1175 Gold can slide to the multiple bottom in area  1144 and then test the 2014 low at 1132.

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