/ 

Oct 29

TECHNICAL ANALYSIS BY NSFX 29.10.2013

By:

High:  Low: 

The shiny metal could not go above 1361 for two consecutive trading session, thus this level is the  next resistance level.  The intermediate target for gold is area 1425, where there is the 28th August top and the 200SMA. In case buyers pressure could bring down the price next test would be 1331 first and then 1310.

R3
R2
R1
S1
S2
S3