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Familiar Levels In Play *RES 4:..........>

GOLD TECHS
GOLD TECHS: Familiar Levels In Play
*RES 4: $1365.2 - High April 11
*RES 3: $1309.4 - High June 14
*RES 2: $1300.0 - Pivot area
*RES 1: $1295.1 - Triangle top
*PRICE: $1284.3 @ 06:33 GMT Jan 23
*SUP 1: $1260.0 - Double top downside target
*SUP 2: $1246.5 - 200-dma
*SUP 3: $1241.8 - Low Dec 19
*SUP 4: $1225.0 - Up trendline support from Aug low
Gold's downside reversal remains in play as the downside measured move from the
recent double top comes into focus at $1260. Below here would extend the
reversal towards the 200-dma at $1246.5. Bulls need a break above triangle top
resistance at $1295.1 to trigger a continuation pattern, targeting the $1300
pivot area initially ahead of a return to the June 14 highs at $1309.4.

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