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Bullish Outlook Intact *RES 4: $1800.0...>

GOLD TECHS
GOLD TECHS: Bullish Outlook Intact
*RES 4: $1800.0 - Round number resistance
*RES 3: $1796.1 - High Oct 2012 and a major resistance
*RES 2: $1795.3 - 1.236 projection of the Jun 5 - 11 rally from Jun 15 low
*RES 1: $1779.5 - High Jun 24 and the bull trigger
*PRICE: $1772.6 @ 06:56 BST Jun 29
*SUP 1: $1747.6 - High Jun 26
*SUP 2: $1721.8 - Low Jun 19
*SUP 3: $1704.2 - Low Jun 15 and key support
*SUP 4: $1671.0 - Low May 1
Gold is bullish and rebounded off Friday's low. The yellow metal traded higher
last week and confirmed a break of former resistance at $1765.4, May 18 high.
The break higher confirmed a resumption of the underlying uptrend that has been
in place since mid-Mar and sets the scene for a price appreciation towards
levels last traded in 2012. The next objective is $1796.1, Oct 2012 high. On the
downside, initial support lies at $1747.6, Jun 15 low.

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