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Bears Need Close Below 200-WMA * The.....>

GOLD TECHS
GOLD TECHS: Bears Need Close Below 200-WMA
* The topside failure ahead of the 21-DMA left the pair looking offered and
bears have not been disappointed with pressure returning to the LT rising TL off
2015 lows ($1241.5) and the 200-WMA. 
* Bears look for a close below the 200-WMA to confirm breaks of key supports and
initially target $1204.5. 
* Daily studies are well placed for a fresh leg lower. 
* Bulls now need a close above $1260.2 to ease bearish pressure and to return
initial focus to $1272.6 where the 100-WMA is noted and above the 100-WMA to
initially target $1284.0-1292.1.

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