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Sep 09

TECHNICAL ANALYSIS BY NSFX 09.09.2013

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High:  Low: 

Gold found support on the 55EMA, but a retracement to test the lower band of the channel still likely. Just below 1320 triggered stop losses could accelerate to 1300 and then 1272. The most important important resistance area is 1500. This is not only a psychological level because there are the supply line that started from October 2012 top  and the 200SMA as well.

R3
R2
R1
S1
S2
S3