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Jan 02

TECHNICAL ANALYSIS BY NSFX 02.01.2014

By:

High:  Low: 

Gold made a double bottom in area 1181 and found buyers to lift the shiny metal above 1200. Now is struggling to rise above the 21SMA and above this level the supply line generated last August would the test to assess the robustness of a rally. Only below 1181 the metal will likely get another selloff wave to 1150 and then to 1100.

R3
R2
R1
S1
S2
S3