TECHNICAL ANALYSIS BY NSFX 13.03.2016
The shiny metal made a 2016 high in area 1280 and found support on the 21SMA. Below this level the commodity may test area 1194, the 38.2% Fibonacci retracement and beneath this level it could test area 1130, an important level because there are 2 dynamic and 1 static supports. A breakout above 1280 can lift Gold to test 1307 and then another static resistance in area 1340. The RSI (14) left the overbought level and volatility is beneath its 3 month high.