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Bullish Focus Still In Place *RES 4:.....>

GOLD TECHS
GOLD TECHS: Bullish Focus Still In Place
*RES 4: $1611.4 - High Jan 8 and key resistance
*RES 3: $1600.0 - Round number resistance
*RES 2: $1593.6 - 76.4% retracement of the Jan 8 - Jan 14 decline
*RES 1: $1592.1 - High Feb 3
*PRICE: $1572.5 @ 06:34 GMT Feb 4
*SUP 1: $1563.5 - Low Jan 29 and initial bear trigger
*SUP 2: $1556.6 - Low Jan 24
*SUP 3: $1546.0 - Low Jan15
*SUP 4: $1536.0 - Low Jan 14 and bear trigger
Gold traded higher Friday and probed resistance at $1588.68, the Jan 27 high
but, found resistance yesterday and retraced Friday's gains. Despite pulling
back, a bullish outlook remains in place and gains above yesterday's high are
seen likely near-term. This would open $1600.00 and the primary resistance at
$1611.42, the Jan 8 high. On the downside, support is at $1563.48, Jan 29 low
where a break is required to instead shift the focus back to bearish.

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