/ 

Dec 24

TECHNICAL ANALYSIS BY NSFX 24.12.2013

By:

High:  Low: 

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.

R3
R2
R1
S1
S2
S3