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May 14

TECHNICAL ANALYSIS BY NSFX 14.05.2015

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 1220 area going forward. Support in the 1200 level area expected should prices drop lower.

R3
R2
R1
S1
S2
S3