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$1295.1 Support Protects Against.........>

GOLD TECHS
GOLD TECHS: $1295.1 Support Protects Against Deeper Corrective Potential
*RES 4: $1337.6 Nov 9 high
*RES 3: $1326.2 Aug 29 high
*RES 2: $1313.8 Aug 30 high
*RES 1: $1309.9 Hourly resistance
*PRICE: $1306.5 @0929GMT
*SUP 1: $1295.1 Aug 25 high, now support
*SUP 2: $1286.5 Congestion area Aug 18-25
*SUP 3: $1274.7 Aug 25 low
*SUP 4: $1267.4 Aug 15 low
*COMMENTARY* A sharp spike lower last Friday found support from above the Aug 1
high at $1274.2. This keeping near term momentum with the topside. The
subsequent break back above $1294.4 confirmed this, followed by further breaks
above the Aug 18 high at $1300.9 and then the 76.4% Fibo retrace level at
$1315.7. A high of $1326.2 so far, with $1337.6-$1352.5 as the next target area.
Overbought near term, $1295.1 support now protects against a deeper correction.

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