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Mar
08
TECHNICAL ANALYSIS BY NSFX 08.03.2016
By:Nati
High: Low:
Gold breaking out of a consolidation area to test the 1280 dollar resistance level last week. A restest of this level seems likely with a break above possibly leading to bullish traders eyeing the 1300 level. A rejection at the 1280 level could once again see bearish sentiment resume and further downwards action. Support near term expected at the 1260 and then the 1240 areas.
R3 | |
R2 | |
R1 |
S1 | |
S2 | |
S3 |