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Falls Away After $1282.5 Fibo............>

GOLD TECHS
GOLD TECHS: Falls Away After $1282.5 Fibo Resistance Caps Day's Rise
*RES 4: $1291.5 Oct 18 high
*RES 3: $1286.1 Oct 23 high
*RES 2: $1282.5 76.4% Fibo of $1286.1-$1271.0, intraday high
*RES 1: $1277.3 Hourly resistance
*PRICE: $1270.2 @1650GMT
*SUP 1: $1264.3 Hourly support
*SUP 2: $1260.7 Oct 9 low
*SUP 3: $1251.7 Aug 8 low
*SUP 4: $1245.9 2017 bull channel base
*COMMENTARY* The $1271.4 support level has again come under pressure, below
which there is some minor support from around $1264.3 to consider next. Loss
here will once again put the key Oct 9 low at $1260.7 in the spotlight. As a
result, resistance now comes from $1277.3 and then the day's $1282.5 high. Need
back above the latter before the near term outlook can improve. Below $1260.7
would suggest there is eventual scope for a deeper $1245.9-$1240.9 fall.

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