/ 

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