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Decline Holds Above Last December's......>

GOLD TECHS
GOLD TECHS: Decline Holds Above Last December's Low
*RES 4: $1282.2 May 21 low, now resistance
*RES 3: $1272.7 Jun 22, Jun 25 highs
*RES 2: $1264.5 Congestion area Jun 21-26 
*RES 1: $1261.2 Jun 21 low
*PRICE: $1254.2 @0841GMT
*SUP 1: $1243.5 Hourly support
*SUP 2: $1236.6 Dec 12 low
*SUP 3: $1226.2 Equality fall from $1309.4 to $1365.4-$1282.2
*SUP 4: $1224.5 Equality fall from $1272.7 to $1309.4-$1261.2
*COMMENTARY* Lost support from the key $1286.6-$1286.1 area toward the end of
May. This the rising support line at the time, from the December 2016 lows and
the 61.8% Fibo retrace level of this year's $1236.6-$1366.2 rise. Below and with
the $1267.2-$1262.3 supports now lost and the base of the 3 month bear channel
base exceeded, this leaves the Dec 12 low at $1236.6 as next support on the
agenda. Any lower and look to two equality fall targets between $1226.2-$1224.5.

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