TECHNICAL ANALYSIS BY NSFX 05.02.2014
Gold is consolidating above the supply line that was generated the 28th of August. The pair might test area 1275 and above this level there is the 200SMA in area 1312. If the commodity should rise above this level then it might test 1360. In case it would be a fake breakout the rise above the dynamic resistance Gold might retrace to 1230, then to 1200. Below 1181 another selloff wave could occur.