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Broader Downtrend Still In Play *RES.....>

GOLD TECHS
GOLD TECHS: Broader Downtrend Still In Play
*RES 4: $1238.0 - July 3 low now resistance 
*RES 3: $1236.3 - 21-DMA 
*RES 2: $1235.2 - High July 26 
*RES 1: $1228.6 - High July 31 
*PRICE: $1218.5 @ 0645GMT 
*SUP 1: $1215.7 - Low august 1 
*SUP 2: $1214.0 - Low July 31 
*SUP 3: $1211.6 - 2018 Low July 19 
*SUP 4: $1204.9 - Monthly low July 10 2017 
The yellow metal continues to trade in choppy fashion within its broader
downtrend as a downside break looks increasingly likely. Bulls need to push back
above the July 31 high of $1128.6 to break above the ST contracting range, while
bears need a move below $1215.7 to break below it. The bigger picture remains
bearish below the 21-DMA.

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