/ 

Sep 06

TECHNICAL ANALYSIS BY NSFX 06.09.2015

By:

High:  Low: 

The commodity went below its 21SMA and 55EMA and may drop below 1100 to test the multiyear bottom 1078. Below this level Gold can slide to 1000. A rally above the supply line that links lower highs can lift the shiny metal to test its 200SMA, now at  1185. In case of a confirmed breakout above this level market sentiment should turn positive and the commodity should test area 1260.

R3
R2
R1
S1
S2
S3