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Gold surges higher trading above bull....>

GOLD TECHS
GOLD TECHS: Gold surges higher trading above bull channel resistance
*RES 4: $1500.0 - Psychological round number
*RES 3: $1483.8 - 50% retracement of the Sep 2011-Dec 2015 decline
*RES 2: $1433.8 - High Aug 2013
*RES 1: $1412.1 - Intraday high
*PRICE: $1396.5 @ 07:16 BST Jun 21
*SUP 1: $1382.3 - Intraday low
*SUP 2: $1357.8 - Low Jun 20
*SUP 3: $1338.7 - Low Jun 18
*SUP 4: $1332.4 - Low Jun 13
Gold has again surged overnight extending the Jun bull rally. Some selling
pressure though did develop off the overnight highs. Prices traded through the
bull channel resistance at $1394.84. While the uptrend remains clearly intact,
it would not be a surprise if activity settles down given the fact that the
yellow metal has arrived at the top of its bull channel. Overall, the outlook
remains bullish and today's Asia high of $1412.08 marks the next bull trigger.

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