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Dec
27
TECHNICAL ANALYSIS BY NSFX 27.12.2013
By:
High: Low:
The shiny metal is on its third consecutive positive trading day and the only thing that needs to accelerate its rally is a another positive trading session that will change market sentiment. Next resistance area 1,261 $/ounce and the supply line in area 1,300. In case the rally should fail it below 1,181 selling pressure could bring the metal to test 1,100 in a short time frame, considering that Gold is in a bear market.
R3 | |
R2 | |
R1 |
S1 | |
S2 | |
S3 |