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Jun 07

TECHNICAL ANALYSIS BY NSFX 07.06.2015

By:

High:  Low: 

The commodity developed a short term trading range with lower side just tested at 1168 and higher side at 1231. Above this level Gold can rise to 1258 and then to 1310. Below 1168 the shiny metal should slide to 1140 and then 1100. The most relevant moving averages now are flat, thus confirming the price pattern, and the RSI is close to the oversold level.

R3
R2
R1
S1
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S3