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Aug 15

TECHNICAL ANALYSIS BY NSFX 15.08.2013

By:

High:  Low: 

Gold could not go above area 1347.21, tested 3 times.  Scalpers and traders with a low time frame found good short opportunity.  Traders with longer time frame want to understand if the shiny metal will stay in a range or trend.  Below 1319.80 price might head to test the lower band of the range at 1272.49

R3
R2
R1
S1
S2
S3