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Back Above $1700.0 *RES 4: $1754.5 -.....>

GOLD TECHS
GOLD TECHS: Back Above $1700.0
*RES 4: $1754.5 - High Nov 22, 2012
*RES 3: $1747.4 - High Apr 15 and bull trigger
*RES 2: $1739.3 - High Apr 23
*RES 1: $1714.5 - High Apr 28
*PRICE: $1711.0 @ 07:04 BST Apr 29
*SUP 1: $1692.6 - Low Apr 28 and intraday bear trigger
*SUP 2: $1685.4 - 20-day EMA
*SUP 3: $1680.5 - Low Apr 22
*SUP 4: $1659.6 - Low Apr 21 and key support
Gold traded below $1700.0 yesterday but managed to find support at $1692.6,
yesterday's low. This does leave a positive tone in place for now however, to
reinforce bullish conditions the yellow metal will need to extend the recovery.
This would refocus attention on $1739.3, the Apr 23 high and the primary
resistance at $1747.4, Apr 14 high. Weakness below $1692.6 would instead signal
a resumption of bearish activity and expose $1659.6, Apr 21 low.

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