TECHNICAL ANALYSIS BY NSFX 24.12.2013
The shiny metal did not have a sharp rebound in area 1180-1185. This should make traders cautious about a short term rally of Gold. Below 1180 the first support would be at 1150 then 1100. In case buyers force should make a breakout of the narrow trading range of the last 3 trading days the demand line in area 1251 would be the first important resistance.