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Dec 20

TECHNICAL ANALYSIS BY NSFX 20.12.2013

By:

High:  Low: 

Gold after it fell below 1200 has as short term target 1181. The shiny metal is trading to levels that left in  2010 and  might continue its bear market to 1100 and then 1000 during the next year. In case of a bear market rally the dynamic supply line could be the first target and then only above the August top at 1433 would be possible to develop a new bull market.

R3
R2
R1
S1
S2
S3