TECHNICAL ANALYSIS BY NSFX 16.08.2015
The commodity could not rise above its “change of polarity” level 1132 and might develop a trading range with this level as a higher band. The lower band might be considered area 1078 and below this support the shiny metal might test 1000. Beneath this psychological price Gold might slide to 900. Above 1132 the commodity will face the supply line generated last January and a breakout above this level can lift the commodity to 1307.