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Jan 21

TECHNICAL ANALYSIS BY NSFX 21.01.2014

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High:  Low: 

Gold is testing the 21SMA and if should rebound from this price level likely will test the supply line that was generated the end of August.  If the breakout will have success then the 200SMA would be the next test.  In case the commodity should retrace 1227 would be the first  significant support and below 1180 another selloff wave will occur.

R3
R2
R1
S1
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S3