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Oct 16

TECHNICAL ANALYSIS BY NSFX 16.10.2013

By:Nati

High:  Low: 

Gold yesterday dropped as low as 1251.53 per ounce before buying pushed the price back towards a resistance level at 1282 which is currently being tested. A break above his level could see interest as high as 1300 although the downward trend-line on the chart could be expected to offer firm resistance going forward.

R3
R2
R1
S1
S2
S3