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Mar 09

TECHNICAL ANALYSIS BY NSFX 09.03.2016

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 1255 and then the 1240 areas.

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