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Nov 20

TECHNICAL ANALYSIS BY NSFX 20.11.2013

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Gold yesterday closed off from its low level and today is trading in a 3$ dollar trading range. Below the demand line and especially below 1260 level price can dive because many stop losses might be triggered with first target 1245 area and final target the 28th June bottom at 1180. If buyers should get in control is important the consolidation above 1294-1300 area and then test 1326. Above this level an intermediate target price can be considered the multiple top at 1360.

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