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Dec 19

TECHNICAL ANALYSIS BY NSFX 19.12.2013

By:

High:  Low: 

Third consecutive negative session for the shiny metal: now is struggling to stay above 1200$/ounce and if this psychological support will be broken then 1.181 $/ounce likely will be tested. If this double bottom pattern  will be beaten by selling pressure 1100$/ounce would be the next key level. A breakout above 1251 $/ounce can lift the price to test the dynamic supply line that was generated the 28th of August.

R3
R2
R1
S1
S2
S3