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Jun 27

TECHNICAL ANALYSIS BY NSFX 27.06.2015

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High:  Low: 

The commodity made a double bottom in area 1162.04. Below this support the shiny metal can slide to 1100 and then 1070.  The most relevant moving averages are almost flat and the 200SMA near 1200 is just inside the bullish channel. Above this average Gold can rise to 1235 and then to 1258. The ATR, a measure of volatility, still close to its 2015 low, and makes sense considering that the commodity had traded a 100$ range in 4 months.

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