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Oct 10

TECHNICAL ANALYSIS BY NSFX 10.10.2013

By:

High:  Low: 

Gold is trading just above 1306 and if should have a positive trading session the first test would be the dynamic resistance in area 1318. Above this level area 1380 would be another key price for the metal. If the trend continues on the downside the break of the price level reached the 2nd of October in area 1281 should accelerate the drop of the commodity to 1200.

R3
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R1
S1
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