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Jun 14

TECHNICAL ANALYSIS BY NSFX 14.06.2015

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High:  Low: 

Gold made a pullback after it went below the lower side of the channel. It might drop to test the 2015 low at 1142 and below this area it can slide to 1100 and then to 1060. Only above 1208 several stop losses of short positions will be triggered and the shiny metal can rise to 1258. The key level in case of a bullish trend is the 2015 high at 1309. The ATR is very low and the RSI does not provide any signal regarding a potential reversal.

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R1
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