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Sep 12

TECHNICAL ANALYSIS BY NSFX 12.09.2013

By:

High:  Low: 

Gold went below both the 55EMA and the lower band of the channel. If the shiny metal does not recover the channel by the end of this trading day then would be likely to test 1271. Below this level  area 1180 would be the key area to assess the trading environment of the commodity.

R3
R2
R1
S1
S2
S3