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Jun 09

TECHNICAL ANALYSIS BY NSFX 09.06.2015

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 the 1180 area giving way, 1170 could now offer support, with 1150 the next support level expected.

R3
R2
R1
S1
S2
S3