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Close Above 21-DMA To Ease Bearish.......>

GOLD TECHS: Close Above 21-DMA To Ease Bearish Pressure
*RES 4: $1367.3 - Monthly High Aug 2 2016 
*RES 3: $1361.7 - High Feb 16 
*RES 2: $1351.3 - High Feb 19 
*RES 1: $1336.7 - 21-DMA
*PRICE: $1330.6 @ 2030GMT
*SUP 1: $1319.4 - Low Feb 14 
*SUP 2: $1313.3 - 55-DMA 
*SUP 3: $1305.9 - Low Jan 4 
*SUP 4: $1302.5 - Low Jan 2
*COMMENTARY: Topside hesitation ahead of 2018 highs ($1366.0) & the 2016 high
resulted in breaks of key supports with bears gaining confidence and focus on
$1298.7-1313.3 where 55 & 100-DMAs are situated. Bears look for a close below
the 100-DMA to hint at a move targeting 2018 lows ($1236.5) with below the
200-DMA ($1285.9) to confirm. Bulls need a close above $1251.3 to return focus
to $1367.3-1374.9.

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