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Eyes key resistance *RES 4: $1600.0 -....>

GOLD TECHS
GOLD TECHS: Eyes key resistance
*RES 4: $1600.0 - Psychological round number
*RES 3: $1590.5 - High week ending Apr 12, 2013
*RES 2: $1557.3 - High Sep 4 and key resistance
*RES 1: $1535.8 - High Sep 24
*PRICE: $1528.5 @ 07:08 BST Sep 25
*SUP 1: $1507.0 - Sep 23 low
*SUP 2: $1498.1 - Low Sep 20
*SUP 3: $1483.0 - Low Sep 18 and key bear trigger
*SUP 4: $1479.7 - Low Aug 13
Gold stays firm. The yellow metal was unable recently to convincingly clear
trendline support drawn off the May 30 low, and the markets focus has reverted
to the bullish side. Former key resistance at $1524.3, Sep 12 high was breached
Monday and this has opened the key bull trigger of $1557.3, Sep 4 high. Initial
support lies at $1507.0. For bears, a clear breach of $1483.0 support, Sep 18
low is required to confirm both a trendline break and trend reversal.

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