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Bullish Theme Intact *RES 4: $1800.0 -...>

GOLD TECHS
GOLD TECHS: Bullish Theme 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: $1760.2 @ 07:03 BST Jun 26
*SUP 1: $1744.7 - High Jun 11
*SUP 2: $1721.8 - Low Jun 19
*SUP 3: $1704.2 - Low Jun 15 and key near-term support
*SUP 4: $1671.0 - Low May 1 and key support
Gold remains bullish. The yellow metal traded higher Tuesday, this time
confirming a break of former resistance at $1765.4, the key May 18 trend high.
The breach of this level confirms a resumption of the underlying uptrend that
has been in place since mid-Mar. The break higher 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, firm support lies at $1704.2, Jun 15 low.

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