/ 

Nov 21

TECHNICAL ANALYSIS BY NSFX 21.11.2013

By:

High:  Low: 

Gold yesterday broke the demand line with a 30$ drop that triggered many stop losses because it fell below even the static support 1251.  Now is likely to form a  double bottom in area 1180, but before is likely to test the psychological level 1200.  If the bearish scenario should change then the shiny metal can make a pullback to 1278. Above that level the 21SMA in area 1305.

R3
R2
R1
S1
S2
S3