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Bulls Target 21-DMA To Reignite..........>

GOLD TECHS
GOLD TECHS: Bulls Target 21-DMA To Reignite Uptrend
*RES 4: $1309.4 - High June 14 
*RES 3: $1300.0 - Pivot area 
*RES 2: $1294.1 - Triangle top 
*RES 1: $1286.5 - 21-dma 
*PRICE: $1282.8 @ 05:55 GMT Jan 25 
*SUP 1: $1276.8 - Low Jan 21 
*SUP 2: $1260.0 - Double top downside target 
*SUP 3: $1245.9 - 200-dma 
*SUP 4: $1241.8 - Low Dec 19 
Gold continues to trade below the 21-dma at $1286.5 which keeps the near term
outlook neutral for now. Bulls need a close above this level to open triangle
top resistance at $1295.1. Above here would trigger a continuation pattern,
targeting the $1300 pivot area initially. On the downside bears look to take out
Monday's low at $1276.8. Below here would add to bearish momentum and open a run
at the double top downside target at $1260. 

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