/ 

Dec 02

TECHNICAL ANALYSIS BY NSFX 02.12.2015

By:

High:  Low: 

Gold has made a low of 1063.04 lowest levels and started to recover from that level. A rate hike is bearish for gold, since gold becomes less competitive with yield bearing assets. The daily chart shows that the price met selling interest around a strongly bearish 20 MA.

R3
R2
R1
S1
S2
S3