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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.
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