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Bias Back To Lower After Loss Of Key.....>

GOLD TECHS
GOLD TECHS: Bias Back To Lower After Loss Of Key Supports
*RES 4: $1289.3 Dec 1 high
*RES 3: $1283.0 Hourly recovery high Nov 30
*RES 2: $1277.6 Dec 4 high
*RES 1: $1270.4 Nov 30 low
*PRICE: $1255.0 @1043GMT
*SUP 1: $1255.0 Hourly support
*SUP 2: $1242.5 1.618x $1299.3-$1270.4 from $1289.3
*SUP 3: $1240.9 76.4% Fibo of $1204.8-$1357.7
*SUP 4: $1232.6 1.618 swing of $1260.7-$1306.1
*COMMENTARY* Unable to make a break through the top of the recent range, being
capped by $1299.3-$1299.7 resistance. The subsequent fall back to the base of
the range and beyond has been swift. This has resulted in the loss of the 2017
bull channel base at $1262.3 and the Oct 2 low at $1260.7. This swings overall
bias back to the downside and further corrections of gains initially from
$1204.8 and potentially from $1122.6. Resistance $1270.4-$1277.6.

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