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Jul
19
TECHNICAL ANALYSIS BY NSFX 19.07.2015
By:
High: Low:
Gold made a double bottom at 1130.82 and if the commodity should slide below 1125, a confirmation of the violation of the multiyear low 1130, would be likely to see the shiny metal to drop to 1060 and then 1000. Only a breakout of the medium term supply line can create positive momentum trading that could lift Gold to test 1,235. The RSI index is oversold and a divergence price-indicator could trigger good buy signal the next week.
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