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Feb 03

TECHNICAL ANALYSIS BY NSFX 03.02.2014

By:

High:  Low: 

Gold is trading below the 21SMA and the 55EMA and retraced under the supply line that broke the 24th of January. Next support in area 1212 and then the multiple bottom in area 1181. In case buyers will lift the commodity next resistance at 1280 and then the 200SMA in area 1313.

R3
R2
R1
S1
S2
S3