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May
31
TECHNICAL ANALYSIS BY NSFX 31.05.2015
By:
High: Low:
The Stochastic indicator shows that Gold is oversold; the commodity also made three consecutive bullish price spike but is likely to see buyers in control only if Gold will rise above 1210, because the most relevant moving averages will be beneath that level. The trend still positive in the short term, because the channel still valid and positive momentum can lift the shiny metal to test 1250. Below the lower side of the channel it should be tested the multiyear low 1131 and then 1100.
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