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Approaching trendline support *RES 4:....>

GOLD TECHS
GOLD TECHS: Approaching trendline support
*RES 4: $1587.0 - 61.8% retracement of the 2011 to 2015 decline
*RES 3: $1557.3 - High Sep 4
*RES 2: $1528.3 - High Sep 6
*RES 1: $1502.7 - Intraday high
*PRICE: $1490.2 @ 07:23 BST Sep 10
*SUP 1: $1486.5 - Intraday low
*SUP 2: $1479.7 - Low Aug 13
*SUP 3: $1478.6 - Trendline support drawn off the May 30 low
*SUP 4: $1471.4 - Low Aug 7
Gold weakness extends and the yellow metal is approaching trendline support
drawn off the May 30 low, at $1478.6. The recent double top confirmation
continues to weigh and momentum studies are pointing south. The trendline
support area represents an important level and if cleared would signal potential
for a deeper corrective slide opening $1453.1, the high of Jul 19. Initial
resistance is at $1502.7.

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