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21-DMA Gives Way *RES 4: $1266.0 -.......>

GOLD TECHS
GOLD TECHS: 21-DMA Gives Way
*RES 4: $1266.0 - High July 9
*RES 3: $1235.2 - High July 26 
*RES 2: $1228.6 - High July 31 
*RES 1: $1217.1 - High Aug 10 
*PRICE: $1207.0 @ 05:02 GMT 
*SUP 1: $1202.0 - 21-DMA 
*SUP 2: $1160.4 - Low Aug 16 
*SUP 3: $1150.0 - Support 
*SUP 4: $1122.9 - Low December 15 2017 
Friday's engulfing rally saw gold prices finally break above their 21-dma,
strongly suggesting that further upside is ahead given the importance of this
level over the past two months. The next upside target sits at the August 10
high of $1217.1. Bears need to close back below the 21-dma to target the August
16 lows and reignite the broader bearish trend. 

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