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Sep 26

TECHNICAL ANALYSIS BY NSFX 26.09.2013

By:Nati

High:  Low: 

Gold trading below resistance level in the 1345.50 area, between the 50 and 100 day SMAs at 1331 per ounce. The daily chart could be forming a head and shoulders pattern, a close below a neckline drawn from the lows on the 7th of August, and the 18th of September in the 1295 area presently, could leave room for a target of 1150 if confirmed.

R3
R2
R1
S1
S2
S3