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May 08

TECHNICAL ANALYSIS BY NSFX 08.05.2015

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 1200 area going forward. Support in the 1180 level area expected should prices drop lower.

R3
R2
R1
S1
S2
S3