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Jul 05

TECHNICAL ANALYSIS BY NSFX 05.07.2015

By:

High:  Low: 

Gold went intraday below 1161 but closed above this support. The 200SMA, now at 1202, is flat, and this neutral market environment would turn positive if the shiny metal would consolidate above 1235, its 4 month high. A breakout above this level should lift the commodity to test 1258. Below the 1161 support Gold should test 1142 and then 1100.

R3
R2
R1
S1
S2
S3