TECHNICAL ANALYSIS BY NSFX 09.08.2015
Gold found support in area 1077 but could not rise above its 21SMA. A breakout of this level can lift the shiny metal to test area 1131.9. Above this level a change of polarity will materialize only above the medium term supply line generated last January. Below 1077 Gold might test 1000 and then 950. The RSI (14) left the oversold level thus is likely a short term rally.