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Jul 19

TECHNICAL ANALYSIS BY NSFX 19.07.2015

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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.

R3
R2
R1
S1
S2
S3