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Firm Again *RES 4: $1704.8 - 1.00........>

GOLD TECHS
GOLD TECHS: Firm Again
*RES 4: $1704.8 - 1.00 projection of Feb 5 - Feb 25 rally from Feb 28 low
*RES 3: $1700.0 - Round number resistance
*RES 2: $1689.3 - High Feb 24 and key resistance
*RES 1: $1681.1 - Intraday high
*PRICE: $1671.1 @ 07:10 GMT Mar 6
*SUP 1: $1632.0 - Low Mar 4
*SUP 1: $1586.7 - Low Mar 3
*SUP 3: $1563.1 - Low Feb 28 and key support
*SUP 4: $1547.6 - Low Feb 5
Gold rallied Tuesday and followed through yesterday. The metal recently pulled
back to a key area of support at $1570.75, the 50-day EMA. This is an average
used to assess the direction of a trend. With a positive slope, it suggests the
direction is up. The sharp rally off the average suggests the bull trend is
resuming and this was reinforced yesterday. Attention is on $1689.3, Feb 24 high
where a break would confirm a resumption of the rally. Support is at $1632.0.

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