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Oct 21

TECHNICAL ANALYSIS BY NSFX 21.10.2013

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High:  Low: 

Gold the 17th of October broke the supply line that was generated the 28th of August. Now for the second consecutive trading day the shiny metal found resistance again the 55EMA in area 1327.99. The price projection after the breakout of the dynamic resistance could lift the metal to 1400. In case the shortseller should be in control again the price should drop to 1290 first and then 1251.

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R1
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