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Apr 12

TECHNICAL ANALYSIS BY NSFX 12.04.2015

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High:  Low: 

Gold made a double top in area 1222. At that level there was the previous spike and the 200SMA as well. The shiny metal managed to close above both the 21SMA and the 55EMA.  Below 1144 the commodity can slide to 1100 and then to 1060.  Key levels above 1222 is area 1258 and then the intermediate supply line in area 1300.

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