/ 

Dec 10

TECHNICAL ANALYSIS BY NSFX 10.12.2013

By:admin

High:  Low: 

Gold is still under pressure posting lower lows since the August highs. Last week, the pair was rejected at 1211 and has recovered 30 bucks this week so far, capped by the 100-SMA on a 4h chart. Resistance around 1260 before 1280 and then 1297. Support at 1234 before 1225 and 1211.

R3
R2
R1
S1
S2
S3