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Building Upside Momentum *RES 4:.........>

GOLD TECHS
GOLD TECHS: Building Upside Momentum
*RES 4: $1266.0 - High July 9 
*RES 3: $1235.2 - High July 26 
*RES 2: $1228.6 - High July 31 
*RES 1: $1217.1 - High Aug 10 
*PRICE: $1209.6 @ 06:10 GMT 
*SUP 1: $1201.6 - 21-DMA 
*SUP 2: $1160.4 - Low Aug 16 
*SUP 3: $1150.0 - Support 
*SUP 4: $1122.9 - Low December 15 2017 
Gold added to its recovery gains yesterday and remains clear of
resistance-turned-support at its 21-dma, currently at $1201.6. The next upside
target sits at the August 10 high of $1217.1. Bears need to close back below the
21-dma to target the August 16 lows and reignite the broader bearish trend, but
with the downtrend breached this will not be an easy task.

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