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Bears Need Close Below 55-DMA *RES 4:....>

GOLD TECHS
GOLD TECHS: Bears Need Close Below 55-DMA
*RES 4: $1352.3 - High Jan 29 
*RES 3: $1339.0 - Hourly support Feb 6 now resistance 
*RES 2: $1332.6 - High Feb 7 
*RES 1: $1325.6 - Hourly resistance Feb 7
*PRICE: $1316.4 @ 0930GMT
*SUP 1: $1305.9 - Low Jan 4 
*SUP 2: $1302.5 - Low Jan 2, 55-DMA 
*SUP 3: $1293.2 - 100-DMA 
*SUP 4: $1280.4 - 200-DMA
*COMMENTARY: The correction lower from 2018 highs continues and has seen a dip
back towards $1302.5-1305.9 where the 55-DMA is located only to bounce
aggressively which is less than ideal for bears. Bulls still need a close above
$1332.6 to ease bearish pressure and above $1374.9 to confirm focus on
$1391.8-1433.3. Bears now look for a close below the 55-DMA to add weight the
case for a test of the 200-DMA.

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