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Double top? *RES 4: $1500.0 -............>

GOLD TECHS
GOLD TECHS: Double top?
*RES 4: $1500.0 - Psychological round number
*RES 3: $1483.8 - 50% retracement of the Sep 2011-Dec 2015 decline
*RES 2: $1439.7 - High Jun 25 and key bull trigger
*RES 1: $1424.3 - High Jul 5
*PRICE: $1392.6 @ 07:07 BST Jul 10
*SUP 1: $1386.2 - Low Jul 5
*SUP 2: $1381.8 - Low Jul 1 and potential double top midpoint
*SUP 3: $1357.7 - Jun 20 low
*SUP 4: $1358.3 - Jun 14 high
Gold is trading below its bull channel resistance drawn of the Aug 16, 2018 low
and below its trendline support drawn off the May 30 low. This week the support
zone around these trendlines have been highlighted as critical areas of support.
Although we have yet to see an impulsive sell-off, the erosion of support
exposes gold to weakness. The key level today is $1381.8. A break would confirm
what appears to be a potential double top and trigger a stronger sell-off.

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