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Jan 20

TECHNICAL ANALYSIS BY NSFX 20.01.2014

By:

High:  Low: 

Gold made a breakout of last week high and rose above the 21SMA and now the next test would be the supply line that was generated on August 2013. Above the dynamic resistance there is the 200SMA in area 1323. If the shiny metal will retrace below the 21SMA area 1225 would be a significant support and below it the double bottom at 1181.

R3
R2
R1
S1
S2
S3