TECHNICAL ANALYSIS BY NSFX 06.09.2015
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.