/ 

May 10

TECHNICAL ANALYSIS BY NSFX 10.05.2015

By:

High:  Low: 

Is almost 2 months that Gold is trading in a 50$ interval. A breakout either on the upside or on the downside will create momentum trading because price is compressed and the Average True Range Index is quite low. The bullish target can be considered 1310 and in case price will fall below 1131 is likely that the commodity can slide to  1060. The Relative Strength Index at 47 shows that the shiny metal is trendless.

R3
R2
R1
S1
S2
S3