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Aug 13

TECHNICAL ANALYSIS BY NSFX 13.08.2013

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Gold did not make a retracement from yesterday gap up.  There is selling activity in area 1347-1349. If the sentiment stays positive next key resistance areas are at 1365 and then the round number 1400, where usually institutional money managers place they orders. If sellers come back in control 1316 and the area 1288 are supports to be monitored.  Below 1266 would be likely to see another selloff of the shiny metal.

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