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Downtrend Remains Intact *RES 4:.........>

GOLD TECHS
GOLD TECHS: Downtrend Remains Intact
*RES 4: $1346.8 - High Feb 20 
*RES 3: $1324.6 - High Mar 25 
*RES 2: $1310.7 - High Apr 10 
*RES 1: $1293.4/1291.6/1291.0 - 55-dma/High May 8/Downtrend resistance from Feb
highs 
*PRICE: $1286.2 @ 06:12 GMT May 10
*SUP 1: $1266.3 - Low May 2 
*SUP 2: $1254.7/1249.6 - 200-dma/High Dec 10 
*SUP 3: $1243.7 - High Oct 26 
*SUP 4: $1231.6/1233.0 - 61.8% retracement/Low Dec 14 
Gold continues to respect down trendline resistance, keeping the near term
outlook neutral for now. A break above $1293.4/1291.6/1291.0 marking the 55-dma,
down trendline resistance, and Wednesday's high would improve the outlook
opening the April 10 high at $1310.7. Bears focus remains on the May 2 low at
$1266.3. Below here would open the 200-dma/Dec 10 high at $1254.7/1249.6.

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