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Correcting Lower After Rally Falters.....>

GOLD TECHS: Correcting Lower After Rally Falters Ahead of $1367.3
*RES 4: $1366.2/67.3 Jan 25, Aug 1 highs 
*RES 3: $1357.3 Jan 26 high
*RES 2: $1351.1 Feb 1 high
*RES 1: $1342.1 Hourly resistance
*PRICE: $1336.2 @1025GMT
*SUP 1: $1327.9 Jan 10 high, now support
*SUP 2: $1324.3 Jan 18 low
*SUP 3: $1320.1 76.4% Fibo of $1305.9-$1366.2
*SUP 4: $1316.7 38.2% Fibo of $1236.6-$1366.2
*COMMENTARY* The move above the 76.4% Fibo retrace level at $1284.5 gave the
upside the impetus it required. This makes the $1357.7-$1236.6 fall seen from
last September look like a three wave correction. The subsequent break through
$1337.1 the next upside boost, as we made our way back through the Sep 4 high at
$1357.7. This sees $1367.3-$1375.4 as next resistance ahead of the 38.2% Fibo at
$1380.3. Support moving lower, $1327.9-$1320.1 the potential pullback area.

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