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Downtrend Threatens To Resume *RES 4:....>

GOLD TECHS
GOLD TECHS: Downtrend Threatens To Resume
*RES 4: $1346.8 - High Feb 20 
*RES 3: $1324.6 - High Mar 25 
*RES 2: $1310.7 - High Apr 10 
*RES 1: $1292.6/1291.6/1290.3 - 55-dma/High May 8/Downtrend resistance from Feb
highs 
*PRICE: $1283.9 @ 05:55 GMT May 13 
*SUP 1: $1266.3 - Low May 2 
*SUP 2: $1255.5/1249.6 - 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 remains in a technical downtrend from the Feb highs which threatens to
resume following the recent failure to take out the key $1292.6/1291.6/1290.3
marking the 55-dma, down trendline resistance, and Wednesday's high. Downside
focus remains on the May 2 low at $1266.3. Below here would open the 200-dma/Dec
10 high at $1255.5/1249.6.

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