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Correction Resumes After Failure To......>

GOLD TECHS: Correction Resumes After Failure To Reclaim $1314.4 
*RES 4: $1322.0 Broken 2 month support line
*RES 3: $1313.8 Sep 26 high
*RES 2: $1307.5 Hourly recovery high Sep 26
*RES 1: $1296.4 Intraday high
*PRICE: $1289.3 @0940GMT
*SUP 1: $1281.2 50% Fibo of $1204.8-$1357.7
*SUP 2: $1274.7 Aug 25 low
*SUP 3: $1263.2 61.8% Fibo of $1204.8-$1357.7
*SUP 4: $1240.9 61.8% Fibo of $1204.8-$1357.7
*COMMENTARY* After breaking below the 2 month rising support line last week, the
fall found some support from $1288.1, as we correct gains from the Jul 10 low at
$1204.8. Unable in the meantime to negotiate resistance from $1314.4 and as a
result, fresh downside pressure below $1288.1 has resumed. Now looking to
$1281.2-$1274.7 for next clues and as protection against a further $1263.2 fall.
Meanwhile resistance falls to $1296.4-$1307.5.

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