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Apr 26

TECHNICAL ANALYSIS BY NSFX 26.04.2015

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The shiny metal is trading in a 46$ range and both the 21SMA and the 55EMA are flat. Below 1176 Gold can slide to test its mutliyear low 1132 $/oz. Below this level selling pressure might accelerate and the commodity can test 1050. A breakout above 1122 can lift Gold to 1258 and then to the 2014 top 1309.

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