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Bullish Theme Intact *RES 4: $1700.0 -...>

GOLD TECHS
GOLD TECHS: Bullish Theme Intact
*RES 4: $1700.0 - Round number resistance
*RES 3: $1683.2 - 2.236 projection of Aug '18 - Feb '19 rally from May '19 low
*RES 2: $1639.2 - 2.00 projection of Aug '18 - Feb '19 rally from May '19 low
*RES 1: $1611.4 - Intraday high
*PRICE: $1593.9 @ 06:58 GMT Jan 8
*SUP 1: $1573.8 - Intraday low
*SUP 2: $1555.3 - Low Jan 7 and key intraday support
*SUP 3: $1528.1 - Low Jan 3
*SUP 4: $1414.8 - Low Dec 31
Gold remains bullish and has spiked higher once again overnight. The outlook
remains bullish following the recent break of channel resistance on Dec 23 and
the subsequent impulsive drive higher. Price action Monday cleared an important
resistance at $1557.1, Sep 4 high. This is a significant break, it confirms a
resumption of the bull trend that started in Sep 2018. The focus is on $1639.2
next, a Fibonacci projection. Support is at $1555.3.

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