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May 27

TECHNICAL ANALYSIS BY NSFX 27.05.2015

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 1225 area going forward. Support in the 1200 level area giving way yesterday, the 1180 area could now offer support.

R3
R2
R1
S1
S2
S3