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Oct 08

TECHNICAL ANALYSIS BY NSFX 08.10.2013

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High:  Low: 

After yesterday positive performance gold today is testing the supply line in area 1330 that was generated the 28th of August.  A breakout above this resistance will lift the price to the first test in area 1342, then 1373. The intermediate target of a bullish scenario could be area 1430, a coincidence of a static resistance and the 200SMA. In case the shiny metal should retrace area 1281 would be the first significant support, and below that level  area 1255.

R3
R2
R1
S1
S2
S3