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Apr 10

TECHNICAL ANALYSIS BY NSFX 10.04.2015

By:Nati

High:  Low: 

Should the price of gold decline further we could see the development of a head and shoulders pattern on the daily chart. Resistance expected towards the 1240 area going forward should the 200 SMA area give way. Support in the 1200 region psychological level expected should bearish traders test lower.

R3
R2
R1
S1
S2
S3