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Oct 07

TECHNICAL ANALYSIS BY NSFX 07.10.2013

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High:  Low: 

Gold is trading above  1300 and likely today will test the supply line in area 1330. Above this level there is the pullback level of 1370 area.  The parabolic SAR is bullish and the ATR  is a 3 month high level.  If the shiny metal should drop below 1281 then  likely to test 1200 and in the most bearish scenario for gold 1180 level would be the threshold between a bear market or a trading range market.

R3
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R1
S1
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