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Sep 28

TECHNICAL ANALYSIS BY NSFX 28.09.2015

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Gold is doing a symmetrical triangle price pattern and this compression of volatility will ends soon with a breakout, either on the downside or to the uspside. Below 1110 Gold can test its multiyear low 1077 and beneath this level the shiny metal can test 1000. A breakout above 1146 can lift the commodity to test 1170. Above this price level Gold should develop a bullish trend with first key area at 1230.

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