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Dec 02

TECHNICAL ANALYSIS BY NSFX 02.12.2013

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Gold is trading in a range after the breakout of the demand line that was generated the 28th of June. The most important target of this bear market is at 1181.2.  Before to reach that level the shiny metal should test 1226 and 1200 area. In case buyers will lift the price the pull back on the broken demand line would be the first key area at 1275. Above 1300 $/ounce market sentiment could improve and turn from bearish to neutral.

R3
R2
R1
S1
S2
S3